Insurance Coverage for Small Businesses |
Business Property Insurance
Property insurance should include a broad form of coverage to protect you from a wide variety of losses. Your insurance should include
- Buildings: Coverage would be required here if you own the building your business occupies. In the event you lease premises, your landlord should provide this coverage.
- Business personal property includes your tables, desks, chairs and equipment. Also, you will want to include the tenant's improvements you might make to leased premises. An example would be a room divider you add, or a display case, or a custom built counter that forms part of reception area for your clients.
- Loss of Income
- Earthquake
- Flood (which may or may not be available)
Keep in mind that an all-risk policy can be structured to cover all of your equipment, including computer hardware and software, plus your valuable records. A properly written policy will include loss of income that might result from breakdowns, as well as loss of income from other hazards that would temporarily close down your business.
Liability Insurance
Worker's Compensation Insurance
Employment Practices Liability Coverage
Life Insurance
Excess Liability Coverage
Other Insurance |