Business Insurance

Securing the right insurance for your business can be critical in managing unfortunate circumstances and unexpected accidents. Furthermore, certain types of business insurance may be required by law, meaning you could face financial and reputational consequences for noncompliance. Overall, the importance of suitable coverage should never be underestimated.

What Is Business Insurance?

The right coverage for your business may need to consist of many types of coverage secured through various policies. Overall, your coverage portfolio may need to account for various physical and nonphysical risks, such as natural disasters and data breaches, as well as potential liabilities, including being at fault for clients’ losses or guests’ injuries.

What Does My Coverage Include?

When putting together your business insurance portfolio, you may wish to begin by considering the following core policies:

• General liability insurance can help pay for losses from physical incidents affecting other parties, such as bodily injuries and property damage.

• Commercial property insurance can help you recoup losses and expenses arising from your own property being damaged, such as by fires, severe weather or crime.

• Business income insurance can offset losses should a covered incident cause delays or interruptions in your operations.

• Workers’ compensation insurance can assist with medical bills and wage replacement should your employees be injured on the job or develop a work-related illness.

While the aforementioned types of insurance apply to most businesses’ needs, you may also wish to secure additional coverage depending on your operations and circumstances. For example, if you provide professional guidance or services to others, errors and omissions insurance may be necessary. Similarly, companies that work with sensitive data or use motor vehicles should secure cyber liability insurance and commercial auto insurance, respectively.

We’re Here to Help

Contact Poole Insurance Agency today to learn more about your coverage options or compare quotes.