Business Insurance in California. A business insurance policy for your company protects all of the hard work and money you put into it, and that insurance protects the people who work hard for you. If you fall on rough times or want to protect your profits in good times, then understanding the different types of business insurance policies available to you will benefit your business. Protect Your Business Property with Insurance Theres a lot more to your company than the money you make. You have to consider, and often acquire business insurance for, your companys property, the people who come into that property, and the possibility of having to temporarily shut down business due to a natural disaster. When seeking insurance quotes, make sure you ask about business property insurance to protect all of your workplace property. This type of insurance is very similar to home insurance and protects both your property and your business equipment in case of a natural disaster or other accident. That same natural disaster might also cause a temporary interruption in your work. A separate insurance policy, known as business interruption insurance, covers financial losses you may experience at that time. Furthermore, you need to have coverage for your own liability. A general liability insurance policy protects you in case someone other than yourself or your employees is injured while on your business property. Protect Your Employees and Yourself If you have people working for you at your companys site, there are some additional types of business insurance you need to consider. The most obvious is workers compensation, and it covers your liability for any injuries an employee suffers while working. Other types of insurance that you will need to consider for yourself and your employees include health insurance, disability insurance, and life insurance. Comprehensive Business Insurance Plans With so many different types of business insurance policies, you may be wondering if theres one insurance plan that covers a variety of policies. A business owners policy, also known as a BOP, combines several of the policies into one. Youll need to check with an agent to see how much they cost and if your business is eligible for this type of business insurance plan. When getting a business owners policy, make sure you understand what is and isnt covered, and what additional insurance coverage you may need. There are many things to consider when starting or running a business, but dont let insurance fall to the side because you are too busy to deal with it. A business insurance policy protects you, your property, and your employees.
Posted on: Tue, 20 Jan 2015 03:39:20 +0000
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