Leah Kelvin
Active member
Your business needs to have insurance, so that it can be protected from a number of risks and liabilities resulting in potential financial losses or legal implications. General Liability Insurance is one type of business insurance that covers claims of injury, property damage, or advertising injury; Professional Liability Insurance (Errors and Omissions) protects against allegations of negligence or errors in professional services; Commercial Property Insurance takes care of physical damages on business property; Business Interruption Insurance reimburses for lost income during temporary closures; Cyber Liability Insurance prevents from loss due to cyber threats; Workers' Compensation Insurance is used for job related injuries.
Commercial auto insurance protects vehicles being used in a business setting against accidents and liability. Product liability insurance handles cases where there are claims for personal injuries or property damage caused by a product. Directors and officers insurance indemnifies executives against legal expenses as well as losses incurred from lawsuits filed against them. Employment practices liability insurance caters for lawsuits concerning employment matters. For instance, manufacturing company may need product liability coverage whereas a retail company will need general liability coverage. To establish the most powerful policy that your company requires you must liaise with an experienced insurer.
Commercial auto insurance protects vehicles being used in a business setting against accidents and liability. Product liability insurance handles cases where there are claims for personal injuries or property damage caused by a product. Directors and officers insurance indemnifies executives against legal expenses as well as losses incurred from lawsuits filed against them. Employment practices liability insurance caters for lawsuits concerning employment matters. For instance, manufacturing company may need product liability coverage whereas a retail company will need general liability coverage. To establish the most powerful policy that your company requires you must liaise with an experienced insurer.
