There are many insurance policies that small business owner’s should consider.
Small businesses face most of the same risks as large corporations, just at a different level. Investing in the right small business insurance policies can help to keep your company covered in case of any peril. Consider investing in these policies to give you the peace of mind that you deserve.
No matter if you lease, own, or rent your company property, property insurance is vital to ensure that you are covered from perils such as theft, vandalism, fire, and storms. It will also provide coverage for your supplies, inventory, and equipment.
This may be one of the most important small business insurance policies you can invest in. It will provide coverage from third party claims if one of your employees or you cause property damage or physical damage to a client or other person.
Worker’s compensation insurance
Even if you only have one employee, you will need a worker’s compensation insurance policy. Worker’s comp. will provide your employees with coverage if they are injured while on the job. It will also restrict employees’ ability to sue your business after they are injured while working.
Product liability insurance
If your product causes illness, injury, or death, you can be sued for the damaged. Product liability insurance will cover the costs related to those injuries.
Cyber liability insurance
Data breaches are a risk for businesses of every size. Cyber liability will cover the costs that are related to the fallout after the breach.
For help finding the right business insurance policies that will work best to protect your small business, contact the insurance professionals at Steve Wilk Insurance in Lombard, Illinois. As an independent insurance agency, we will work with you to ensure that you have the right amount of coverage, all at the right price to fit your budget.