If you own and operate a small business, at a minimum you will need general liability. It is likely some form of property insurance is needed as well. Other factors like employees and operating commercial autos, may require some other types of insurance coverage.
Running a small business can bring added levels of insurance that may be optional or necessary. The type and size of your business will determine how much and what kinds of insurance you may need. There are several different coverages to be considered.
Small Business Insurance
Small business insurance is a standard type of coverage that usually comes as a package policy. It can help your business through the tough times. Property damage and liability claims are part of this kind of coverage.
General Liability Insurance
This type of coverage can help with property damage or injuries customers may experience. Claims against your business may be covered with general liability. This is a standard insurance that many small businesses are required or voluntarily have.
Professional Liability Insurance
This is a more specific type of insurance that covers errors made in clerical or errors in services provided. If a product is misrepresented or the wrong service is provided, professional liability can help cover claims. This type of insurance may not be a requirement but could be useful in unique circumstances.
Workers’ Comp Insurance
If you have employees, Workers’ Comp Insurance is something you will likely need. Commercial Auto Insurance will be needed for vehicles involved in a business.
If you own a small business and you are in the market for insurance, contact Wellspring Insurance Network Inc in Frederick, MD,. An agent will be happy to assist you with all your insurance needs.