Small Business Insurance Quote – What’s Covered & How Much Does it Cost?
Small business insurance is designed primarily to give business owners and their employees’ financial protection in case there is an unexpected accident involving the owner, staff, clients, or the property of the business. Typical claims for property damage or client damage are in the neighborhood of $30,000 per year. Most of these claims are settled out of court and no injuries are reported. This may not be the case if you have inadequate insurance coverage.
Property Protection
If you are planning to employ employees or any part of your business involves the operation of vehicles, you need to consider purchasing property protection and general liability coverage separately. Property protection coverage will provide a source of income in the event of a total loss of the assets of the business. General liability coverage will pay medical expenses and any legal fees in the event of an injury on-site. This includes both …
Small Business Insurance Quote – What’s Covered & How Much Does it Cost? Read More