One the most important insurances to have whether you own a small or large business is liability insurance. This covers you and your employees when injuries occur or property damage. Sudden wind storms could cause a tree to fall through your plate glass window injuring several employees as they are trying to rush home. This insurance will cover their medical expenses and give you peace of mind.
Employees get injured on the job sometimes they fall or get hurt using machinery. What if one of your employees wanted to sue you for a serious papercut they received when opening the mail. With liability insurance, their medical expenses would be covered thus avoiding a lawsuit. Imagine the cut turned into a serious infection that required them to have shots that cost $100 each for several months. This is why liability insurance is important to small and large businesses.
Whether you live in Los Angles or Brentwood California acts of weather have a way of causing damage to business unexpectedly. Why take any chance, look for property insurance that covers weather to give you that added peace of mind you need. When you look into property insurance, look for a policy that includes weather damage. Unexpected damage often comes with severe weather.
When you own a small or large business property or equipment can suffer damage. Property insurance covers your losses sparing you the added burden of financial payment. What if your office was broken into and all your computer were stolen ? Your employees came in to work but did not have any work. Not having any work you sent them home and business came to a st andstill.
Having a good property insurance policy can help you get the new computers from the theft. This does not deal with employees loss of wages. A business interruption loss of earning policy might cover you and your employees while you wait for those new computer to come in.
What if you own a business with a fleet of vans or cars used to transport products or people? Professional automobile insurance will protect you and your employees, in case, of accidenst. When an employee has a minor accident and several people in the van claim whip lash your covered. Your insurance will help you cope with this stressful situation.
The best way to save money on all these individual insurances is to look for a package called the Business Owners Policy. This often includes several types of coverage in one policy. You can get property insurance, automobile coverage, crime insurance, business interruption insurance, and liability insurance all in one. . Based on what you need many companies will let you pick the coverage. You will save on BOP because it is bundle of insurances that cost much less than burying individually.
Product liability insurance might be a good idea if you have product or services where someone can get sick or injured. When you own a restaurant this might cover the day the fish was bad and seven customers became sick. Despite the fact that the cook said it was fresh, the customers popping di-gel and burping proved him wrong. When the health department came to declare it an epidemic you knew the product liability insurance was a good idea.
Do you provide a medical service or product that patients use. Sometimes problems occur so product liability insurance is a good option to consider. These are the type of insurance business owners in Los Angeles or Brentwood California should consider that own a small or medium size business.