Finding insurance coverage may be a challenge for new business owners. With so many options available, those new to business insurance may find it overwhelming. To help maneuver through this process, it’s best that you work with a Glen Rock insurance agency. Here’s is a simple breakdown of some of the coverages you can expect to have included in your new policy.
Property insurance is there to protect you in case a disastrous event damages or destroys your belongings. Your policy will cover the cost to repair or replace your covered items including your building, equipment, furniture and electronic data. Covered events usually include fires, certain storms, vandalism and theft.
Workers’ Compensation Insurance
Workers’ compensation covers you by covering your employees. If one of them gets hurt on the job, your policy will cover any medical costs as well as lost wages while your employee is unable to work.
General liability covers you in case a third party claims that they suffered an injury or property damage because of your business. If they file a lawsuit, your policy will cover your legal fees as well as any damages for which you’re found liable. Many other insurance options exist that can prove to be beneficial for your business. Work with an experienced Glen Rock insurance agency for help crafting the perfect policy.