Business Insurance¹

Business Insurance

Understanding Small Business Insurance

Small Business Insurance comes with many faces. Be sure you look at all the different aspects of insurance and see which suits yours and your businesses needs. The options vary from General Commercial Liability insurance to Key Person insurance, and many additional options in between. A qualified insurance agent or broker can help lead you in the right direction. Cover yourself and your business now, and spend the rest of your time making your business a success.

  • Small Business General Liability Insurance - There are a number of things that your company could potentially get sued for. No matter the size or industry of your company, getting general liability insurance is a must.
  • Directors and Officers Insurance for Private Companies - General liability insurance protects your company and its assets but what is protecting the directors, officers and their personal assets? Director and officers insurance for private companies can provide the finical and legal protection needed.
  • Small Business Environmental Insurance - Environmental insurance comes in two forms, first-party pollution coverage and third-party coverage. Which one your company would benefit from depends on the industry you are in. Discussing this with your agent or broker is a good start to better protecting your company.
  • Fidelity Bonds For Small Businesses - If your business handles cash or collects payments, fidelity bonds should be an important part of your company's insurance protection. There are many different types of fidelity bonds available to small business owners. Finding the one that suits your company best is a good idea.
  • Flood Insurance - Flood damage can happen all year round and can cause an incredible amount of damage. Discussing flood insurance with your insurance agent or broker will help you get a better understanding of why you may need it and what it covers.
  • Small Business Key Person Insurance - If you have one or two employees that you rely on for the bulk of your revenue then key person insurance may be the way to go. Key person insurance is a way to cover any lost sales or pay ongoing expenses if you suddenly loose that employee.
  • Property Insurance For Small Businesses - If you own or lease buildings or equipment for your company than you need to have property insurance. Any loss of, or damage to them would cost the company a great deal of money to fix or replace.
  • Shopping for Small Business Insurance - With so many types of insurance policies and all their different terms, shopping for insurance can be frustrating. A good start would be to get a trusted insurance agent or broker.
  • Workers' Comp For Small Business - Workers' comp not only provides coverage to employees but it also protects business owners against lawsuits. The requirements and premium costs vary based on state and industry.

Small Business Risk Management

Risk Management covers a lot of territory in a small business. From accident prevention and reducing ergonomic problems, to fire safety and disaster recovery, along with employee fraud risks and avoiding violence in the workplace, just to name a few. Being prepared for the possibility that you may be faced with one, or several, of these matters can save you an extraordinary amount of time, money and frustration down the road. A little research and preparation can save you and your business from disaster.

  • Preventing Accidents In Your Small Business - Companies of all sizes have at least some workplace violence risk. Taking every precaution you can to prevent physical assault or verbal threats are an important part of managing a company.
  • Preventing Violence In Your Small Business - Every business hopes it’s not affected by workplace violence, but it’s important for business owners to develop prevention and response plans.
  • Preventing Tech-Related Ergonomics Problems - With the increase of "on-the-go work" using new technology, it is also increasing the injury rates and disability claims. Working on your lap or looking down, holding your phone to complete your work may increase your productivity but increases your risks.
  • Reducing Small Business Employee Fraud Risks - Employee embezzlement happens in small business often. To reduce the risk of that happening to your company, establish procedures when it comes to your financial system and processes.
  • Disaster Recovery For Small Businesses - You take precautions to protect your employees in case of a disaster and it is important to make sure you do the same for your data. Backing up your data daily is just one of the many steps in a disaster recovery plan.