Owning and running your own business can be tricky and making sure you have the right insurance coverage for you, your business and employees is very important. Here are some FAQs about commercial insurance you should familiarize yourself with:
What is professional liability insurance?
This coverage provides protection for liability claims made against your services or products. This includes items such as failing to perform work or causing losses as a result of mistakes in these services or products.
When should you buy workers compensation insurance?
Most state laws require businesses to carry workers compensation if there’s more than one employee. This varies from state to state, so ask your insurance agent. This will provide coverage for work related injuries or issues.
What coverage is needed for home-based businesses?
Homeowners insurance usually doesn’t cover home-based business losses. Sometimes commercial insurance can be added onto homeowners insurance, but coverage may be insufficient. Consider a business-owners policy, which covers liability for yourself, employees, buildings, and more.
Let Brazelton Insurance Group help your business get off the ground and review your policy to make sure your coverage is accurate.