Workers' Compensation Insurance
Workers' compensation insurance provides wage replacement coverage for an employee who is injured on the job as well as coverage for medical costs, economic losses, pain and suffering, and settlement payments for dependents in the case of accidental loss
of life. Plans and coverage can be tailored to suit each company's needs, but you must keep in mind that each state has minimum requirements that must be met to ensure there will be enough coverage in case of a claim.
Commercial Auto Insurance
Many businesses have company vehicles that are used to transport goods or people for business purposes throughout the course of the day. Similar to personal auto insurance, you'll want to purchase commercial vehicle insurance to cover damage to your vehicle
and the other motorists' vehicles if you are involved in an accident.
Commercial Property Insurance
Similar to the property insurance you purchase for your personal home, you need commercial property insurance to protect the financial interests of your company. This coverage protects both the physical property as well as any possessions owned by the
company that are lost or damaged by theft, accident, or other means (even if the property has been removed from the workplace).
Commercial Umbrella Insurance
Umbrella liability insurance provides additional coverage when the limits of insurance on an underlying policy are exceeded.
Other Types of Commercial Insurance
Depending on the type of business you own, there are additional types of commercial insurance you might want to consider, including:
- Error and Omission Liability Insurance
- Crime Insurance
- Business Interruption Insurance
- Directors and Officers (D&O) Liability Insurance
