Insurance is an essential component of effective and efficient risk management! The insurance policy is a hedge against risk in the future. Here are a few of the most important instances when insurance can come to your rescue.
Liability
The insurance company will shoulder all or part of the expenses related to liability payments for several types of losses, including:
- General liability insurance pays if your customer is injured by a defective product or suffers an accident while on the business premises.
- Directors and officers liability insurance provides protection for the business against costs related to litigations brought by the errors made by the directors and officers.
- Errors and omissions insurance is business insurance for insurance agents, architects, doctors, lawyers, hairdressers, home healthcare providers, nurses, real estate agents and many other professionals.
Your losses will be covered in part or in whole by the insurance company – all for the comparatively small monthly or annual premium.
Business Property Insurance
This insurance covers the building, contents, loss of income and extra expense for many businesses including:
- Day Care Centers
- Automotive Service Centers
- Gas Stations
- Office Buildings
- Apartment Houses
- Shopping Centers
- Contractor Shops & Offices
- Restaurants
- Stores
The perils (i.e. fire, lightning, theft) and limits available are very broad and are customized to meet your needs and your budget.
Businesses can be sued even for frivolous reasons by organizations and individuals. Keep in mind that even a minor lawsuit can be costly to defend. If you or your business is sued, our insurance company will defend you and pay as the court demands.
If your business is covered and suffers a property loss (including but not limited to fire, lightning, vandalism, burglary and theft) our company will provide the protection needed for you to get back on your feet and resume your operation as quickly as possible.
With the proper insurance policy and coverages in place, your business assets – even your personal assets – will be protected. In the event of a loss, our insurance company will pay.
TAG | Auto And Truck | Homeowners | Motorcycle And RV | Business
