3 Types of Business Insurance You May Need

3 Types of Business Insurance You May Need

Insurance coverage for your business is a necessity. The dilemma is knowing what type of policy is best for you. Of course, different companies have unique needs. For example, the insurance requirements of a company selling goods differs from one selling services. Fortunately, business insurance in Fieldale can accommodate a variety of coverage needs.

There are several types of insurance policies available. Each one safeguards your business from specific risks. Commercial general liability provides broad protection for a variety of circumstances. It guards against claims related to lawsuits, medical bills, injuries, accident claims, malfunctioning products, libel, slander, legal fees and property damage. Property insurance covers the costs associated with the loss, damage or destruction of different kinds of property. This normally includes equipment, buildings, supplies, inventory and computers. There is also workers’ compensation, which is required by law. it covers medical expenses and lost wages for workers who suffer illnesses or injuries on the job.

These are a few of the most common coverage plans available. The policy you choose depends on the type of enterprise you own. When it comes to business insurance in Fieldale, it is best to consult with a licensed insurer. The agent can conduct a risk assessment of your company and determine the right type and amount of coverage you need.

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