Surprising Facts That You Didn’t Know About Small Business Insurance

Here’s what you didn’t know small business insurance covered.

Do you know how your business insurance protects your business? We understand that business insurance can be tricky, if not downright confusing. Luckily, we’ve compiled a list of a few facts that you didn’t know about small business insurance so that you can wrap your head around your coverage.
Check it out below!
Small businesses can bundle insurance policies together to save. A Business Owners Policy (BOP) combines General Liability Insurance and Property Insurance into one policy. These policies combine essential coverage and cut costs without sacrificing that coverage.
Home business property insurance is tax deductible. If you own a home business, you still need to be insured through a commercial insurance policy. Damage to your property will likely be covered in your homeowner’s policy, but your equipment and business assets must be protected. Fortunately, you can get a tax deduction. To qualify for a tax deduction on this insurance policy, you must work solely from home.
Client data breaches are covered by Error and Omission Insurance. If a client’s network is hacked, you may be held liable for some of the damages. Fortunately, E&O Insurance can cover you from third-party data risks.
Coverage can protect you from product recalls. If you manufacture goods, there is always a chance that something will go wrong in the process. As recalls can cost thousands of dollars and a great deal of time, product liability insurance is there to provide coverage for the cost of recalling the defective product.
Cyber crimes can be covered. In this day and age of everything digital, it’s likely that companies will experience cyber crimes, criminals, attacks, and hackings. Luckily, your Cyber Liability Insurance can cover the recovery costs so that you get back on your feet as soon as possible!
Does your business have the right protection in place? Contact the professionals at McCarty Insurance Agency to get started on securing your Fresno, California business insurance policy.