Insurance for Small and Medium Enterprises

​Risk is a part of our daily lives. Accidents can happen to any of us at any time or any place. The weather is becoming very unpredictable these days, because of climate change. Now, if you have a business to run, these risks could pop-out right in front of you! And, if you haven’t prepared for these things, it could leave you out to dry. 

What kinds of insurance do you need for your business?
One of the most common insurance that small and medium businesses get is liability insurance. It tops the cost of liability claims made against a business. It comes in many forms, but we will talk about the trending types:

• General Liability Insurance 
  It aids in settling the costs of claims made against your business for damage to property or physical injuries. It also pays for the costs of claims of the damages caused by your business.
  
  
• Professional Liability Insurance 
  It helps settle the costs of claims that your business committed errors or lapses in the products or services you gave. It also helps cover the costs of errors caused by clerical mistakes. It also includes errors made by staff and not just the employers.

What’s the coverage?
Small and medium business insurance helps pay for property damage and liability claims. It can also replace lost income if your business is not able to operate for a brief period because of a covered case. It involves a group of different coverages. Most small and medium business insurance policies can be customized to fit your needs. 
 

• Workers’ Compensation Insurance 
  It aids in providing benefits to employees who become injured or ill on the job. If an employee, unfortunately, dies from a work-related injury or disability, the family can receive benefits. 
  
  
• Commercial Auto Insurance 
  It helps pay for the costs of vehicular accidents of the employers or employees involved while driving on duty.
  
  
• Business Income Insurance 
  It helps replenish lost revenue if you must close your business briefly because of a covered incident.
  
  
• Commercial Umbrella Insurance 
  It increases the limits of your liability insurance policies. If a liability claim made against your business went beyond the limits of your initial liability coverage, it could help incorporate the excess liability costs. It serves as a safety net for exorbitant liability claims. 
  
  
• Commercial Flood Insurance 
  It aids in paying for the cost of damages to your business property due to floodwater.

Small and medium business insurance can support your business to endure through difficult times. It pays for the costs of liability claims and damage to property. Without it, you may have to shoulder those costs with your private assets, or worse, with your business. 

At Insurance Agency Network, we aim to provide comprehensive insurance policies that make your life easier. We want to help you get the insurance that fits your needs. You can get more information about our products and services by calling our agency at (425) 681-0996. Get your free quote today by CLICKING HERE.