Business
Whether it’s dealing with clients and vendors, managing a long to-do list, or burning the midnight oil, you work hard to ensure your business is successful. Now, it’s crucial you don’t leave anything to chance. Business insurance can help protect everything you’ve achieved, including your company, belongings, and employees.
Here are some of the most common business insurance solutions:
General Liability
General liability insurance is designed to protect you and your company from claims involving bodily injury and property damage, which occur during the course of business. Because of the broad coverage it provides, most companies need some level of general liability coverage.
Business Property
Business property coverage protects your company’s physical assets (buildings, personal property, equipment, etc.) from various losses, including those caused by fire, windstorm, vandalism, and theft. A business property policy also covers loss of income.
Business Owner’s Policy (BOP)
A Business Owner’s Policy (BOP) combines commercial property and general liability coverages into one policy, which provides more coverage at a bundled rate. If you operate a low-risk business and own or lease your workspace, a Business Owner’s Policy could be exactly what you need for affordable, well-rounded coverage.
Workers’ Compensation
Workers’ compensation insurance protects employees who are injured or become ill due to their job, including medical, rehabilitation, and lost wage benefits. Coverage typically pays out regardless of who’s at fault, whether an employee, employer, coworker, customer, or third party.
Errors and Omissions
Errors and omissions (aka professional liability) insurance protects you and your business from negligent acts associated with your professional services. These include:
- Mistakes in the services your business provides
- Failing to meet your contractual obligations or a client’s expectations
- Misrepresentation
- Wrong advice
- Failure to disclose
Commercial Auto
A commercial auto policy works much like a personal one: it provides physical damage and liability coverage to one or more vehicles. But instead of individual ownership, vehicles insured under a commercial auto policy are registered to a company.
The bottom line is that with the right coverage, you can rest easy knowing your business is protected against the unexpected. If you need more information or want a customized quote based on your company’s unique needs, contact your Waterton Insurance agent today!