Insurance policies all small business owner’s should consider.
As a small business owner, you have tons of responsibilities, especially when it comes to protecting your company. Choosing the right insurance policies can help to keep your business protected while giving you the peace of mind that you deserve. Consider these small business insurance policies when looking for ways to cover your company.
Property insurance will provide coverage for the physical property of your business in case of specific perils that will be listed on your policy. Property insurance will not only provide coverage for where your business is located, but it will also cover equipment, inventory, and furnishings.
To protect your business from a lawsuit, you will need to invest in a liability insurance policy. There are various types of liability insurance to consider, including product liability, general liability, and professional liability, all which will provide various levels of coverage.
If your company has any company cars that employees use to make deliveries or to get to a job site, you will need a commercial auto insurance policy. You will also need the coverage if your employees use their own vehicles for work purposes.
Worker’s compensation insurance in necessary for all businesses that have at least one employee. Worker’s comp will cover the medical bills of any employee who is injured while on the job. In exchange for the protection that is provided by worker’s compensation, your employees give up the right to sue your company after an on the job injury.
When looking for the right small business insurance policies to protect your company, contact Humble & Davenport Insurance in Renton, Washington. As an independent insurance agency, we will work with you to ensure that you have the coverage that you deserve, all at the right price to fit your budget.