Types of Insurance a Small Business Owner Should Have
1. General Liability Insurance:
Ordinary Compensation Insurance: Any company, even if it is at home, must need to have liability insurance. This policy provides both protection and damage. Your employees, products or services cause personal injury or harm to a third party.
2. Property Insurance:
If you own a building or your personal assets, including office equipment, computers, accessories or tools. You will purchased policies that protect you from fire damage, theft, smoke damage, etc.Consider you can also eliminate business interruptions. Of the insurance earnings as part of the policy to protect their income if the company can not function.
3. Commercial Auto Insurance:
Commercial car insurance protects the company's cars. You can protect vehicles that carry personnel, products, or equipment. With auto insurance business, you can protect your cars, multi-purpose sports cars and trucks from damage and collisions. If you do not have company cars, but employees have to use their cars in the company. If the employee does not have insurance. There is not enough coverage, you must have an obligation to automatically protect the company. BOP policies can often be added to owners.
4. Professional Liability Insurance:
This type of insurance is also known as a lock and reduce errors. This policy provides protection and damage resulting from the failure or the provision of professional services in any way. public liability policy does not give you protection. So it is important to understand the difference. Professional liability insurance extends to the company's professionals, including lawyers, accountants, consultants, notaries, real estate agents, insurance agents, hairdressers and technology providers.
5. Homeowner’s Insurance:
Home insurance is one of the most important types of insurance you need. This type of insurance can protect against damage to the home and damage to goods at home. In addition, this type of insurance can protect you from accidents that occur at home or that may have occurred due to your actions.