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For a
business many different types of insurance exist, including property
insurance, liability, commericial auto, workers compensation, group
health, life, disability income, "key man" insurance and others.
Below
are some of the more common types of coverage available however this is
not a complete list and, as always, we recommend you contact us to
thouroughly review the needs of your business.
Property
Insurance - covers the building or buildings and contents of
the business. Outdoor signs, crime coverage, property of others, glass
coverage, etc., can be covered as well, depending on the needs of your
business.
Liability
Coverage - covers what you could be obligated to pay due to
bodily injury or property damage to others. If you do not own your
building, your landlord normally would need to be added as an additional
insured on the policy in order to protect them. Liability covers the
premises and operations of the insured, as well as products and
completed operations.
Commercial
Auto - is similar to personal auto coverage but is intended for
vehicles used in the course of business. For example an employee is
maing a delivery, backs up and dents another vehicle in a parking lot.
The property damage portion of the policy would pay for the damages to
the other vehicle.
Workers
Compensation - protects your employees if they suffer
job-related injuries. The policy pays the medical bills for the employee
who is injured on the job. If there is time off from work due to that
injury, the insurance pays disability income to the injured worker. |
