Business insurance is a type of coverage that protects your business from potential risks. This insurance pays for losses under certain circumstances that render your business at risk. Moreover, business insurance helps in ensuring the protection of companies and their assets.
Types of Business Insurance
As business insurance is essential for most types of business, they differ depending on business needs, potential risks, and coverage required. To give you a background on the most common types of business insurance, we listed the different types that you can purchase for your business.
- Insurance for General Liability
This type of insurance involves liability claims against one's business. The coverage of this insurance includes fake advertising claims and fall accidents and is recommended for companies with locations built physically.
- Insurance for Workers Compensation
This type of insurance involves paying for medical needs and salary lost in case of workers getting injured at the business site. Policies set limits regarding the pay-out amount in this type of insurance.
- Insurance for Disability
This type of insurance involves paying or workers who are not able to attend to work at a given point in time. This type of insurance is vital for companies that operate daily.
- Insurance for Product Liability
This type of insurance involves liability for the effects of goods produced. Since some products can cause accidents such as injury and damage to properties, this type of insurance offers protection to the company manufacturing the said products.
It is essential to know the basics of business insurance before fully operating one’s business. Choosing the right type of business insurance to protect your business is crucial to long-term business success. Find the business insurance that best suits your business today!
At Valencia Insurance Group, we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (772) 344-8899 or Click Here to request a free quote.