Breaking Down Business Insurance For Beginners
Are you looking for Glen Rock business insurance? As a new business owner, its easy to get overwhelmed by all the coverage options that are available on the market. Here is a simple breakdown of three coverages that you should plan to include in your new policy.
General Liability Insurance
General liability protects you in case a third party claims to have suffered an injury or property damage because of your business. In such a situation, your policy would cover your legal fees and other expenses for which youre found liable.
Professional Liability Insurance
Professional liability is great coverage for new business owners. Especially for consultants and other professional service providers, it protects you against lawsuits from third parties claiming that an error on your part led to them experiencing a loss of some sort. Like general liability, your policy would cover all your legal costs.
Property insurance is essential as it keeps you from having to spend your own money to repair or replace your business property following a disaster. You can have your building, equipment, furniture and digital assets all protected against fires, certain storms, vandalism and theft. Even if all you have is a laptop, property insurance can cover it and your data that’s on it.
More specific coverage options are available depending on your industry and business needs. Work with an experienced Glen Rock business insurance agent to create a policy that suits your needs.