If you’re the owner of a small business, have you thought about your insurance options? Have you spoken with your agent and asked for quotes for different coverage plans? If not, take a quick look at the following types of policies recommended for many small business owners.
1. General Liability Insurance
This policy provides defense and damages if you, your employees, or your products or services cause bodily injury or property damage to a third party.
2. Property Insurance
If you own a building or have property such as office equipment, computers, etc., property insurance protects you in the event of a fire, vandalism, theft and other losses.
3. Commercial Auto Insurance
If your employees drive a company vehicle, commercial auto insurance will cover the vehicle along with any business-related equipment in the event of an accident or theft.
4. Data Breach
Increasingly, businesses store sensitive or non-public information about employees or clients. If a breach of information occurs either electronically or from a paper file, a data breach policy will provide protection against the loss.
5. Employment Practices Liability
Employment-related claims have becoming increasingly common. EPLI policies defend and cover losses for sexual harassment, discrimination, wrongful termination and other work-related disputes.
6. Employee Benefits
Attracting and retaining quality employees is critical to the success of every business. By providing valuable benefit plans, such as medical insurance, dental insurance, life insurance and income protection, a company can be recognized as an attractive place to work.
These are six of the many different types of insurance policies that could be beneficial and necessary for your small company. To discuss your specific business options and get recommendations from one of our insurance professionals, contact Schwartz Insurance Group today.