What does it cover?

Business coverage helps with losses such as property damage, liability, and theft. It’s important for a business to get the coverage that fits their business. For instance, a doctor’s practice would need malpractice insurance. Speak with a lawyer or insurance agent to discuss what’s best for your business.

What kinds are there?

Liability – Liability covers a business when claims or lawsuits are filed against a business.

Property – Property insurance covers physical assets. This could include loss from fire, theft or natural disasters. Physical assets of the business could include inventory, buildings, computers, equipment or furnishings.

Workers’ Compensation – This is required in some states, and it covers medical costs and lost wages for employees injured on the job.

Commercial Auto Insurance – This is auto coverage for businesses that use vehicles in the operation of the business. Benefit Having business insurance is a good idea for any business. It’s often required by law, and can help keep a business afloat.