What is Business Insurance?
Business insurance coverage protects businesses from losses due to events that may occur during the ordinary course of business. Many types of insurance for businesses include coverage for property damage, legal liability, and employee-related risks. Companies assess their insurance requirements based on potential risks, which can vary depending on the company’s environment.
As a business owner, your company faces various risks every day. The purpose of insurance is to help protect your business from these risks. Business insurance helps protect your business’s financial assets, intellectual property and physical property from:
What is generally covered under Business Insurance?
Which Business Insurance Coverage is required and recommended for businesses with employees?
Most states require businesses with employees to provide unemployment insurance and workers’ compensation insurance. In some states, these businesses may also need to provide disability insurance. You may also want to get an employment practices liability insurance policy. This helps protect your business if a current or former employee makes a claim about their employment. For example, if you’re sued for wrongful termination or discrimination, this coverage can help cover your legal costs.
If you or your employees drive for work, getting commercial auto insurance might be a good idea. This includes more coverage than your car insurance and helps cover your business costs if you get into an accident.
Why work with Armor Insurance for your Business Insurance needs?
Armor Insurance is an independent agency that has worked with various insurance carriers for several years. We strive to get you the best coverage at a reasonable rate. An independent insurance agent can access many markets to provide the necessary policies. This access to choices can mean lower rates, less restrictive policies, and better coverage. In addition, working with a qualified insurance agent at Armor can often provide ways to cover potential gaps in coverage using plans that work alongside your already-established insurance.
If you’re interested in finding out more about our services or if you need some advice on how we might be able to help protect your business, please don’t hesitate to contact us today.