So before consulting, let’s have a glimpse of what is business insurance and its types

What is Business Insurance?

Business Insurance helps you to protect your business from certain types of losses like theft, income losses, employee dishonesty, lawsuits, property damage etc.

Types of Business Insurance:

• Personal Property Insurance: This covers the risk of loss caused by the damage of the property of the business. It can be either the building of the organization or any personal property of the owner or others on the site of the organization under the owner’s possession.
• Workers Compensation Insurance: This insurance is given to employees when there is a claim with respect to wage replacement and medical benefits injured during the course of employment.
• Professional liability insurance : Also known as error and omission policy, a form of liability insurance that protects the professional consultancy and service- providing companies bears the cost against the claim and damages awarded in lawsuits. In some cases, It also provides the cost of defense when the legal action turns to be groundless.
• General liability insurance: This policy issued to the organization covers the liability that occurred due to bodily injury, damages to property arising out of the completion of the project, product or operation, or damage happened at the site of premises.
• Disability Insurance: It covers the regular income replacement payments to an insured person in the event of an eligible disability that can be any illness or injury. There are two heads in it -short term and long term disability.
• Business owner’s policy: A tailor-made package that combines all major property and liability risks under one roof. It is generally sold at a premium costs less than the normal coverage policy. The most benefitted customers here are small and medium-sized business owners.

" So contact our insurance broker to get a suitable quote for your business. "