January 11, 2021 | 6-minute (1001 words)
From the day an entrepreneur sets up a company, they expose themselves to c...
Business owners are exposed to risk the day they set up shop, but insurance is a safety net that transfers the financial burden of potentially devastating events to a third party.
The first policy businesses need. General liability protects you from claims involving property damage and bodily injury.Learn more
EPLI covers businesses against claims by workers that their legal rights as employees of the company have been violated.Learn more
E&O insurance protects businesses against claims of inadequate work or negligent actions that caused financial harm.Learn more
D&O insurance protects directors and officers of privately held companies against claims alleging firm mismanagement.Learn more
Cyber liability insurance protects businesses from the steep costs of a data breach or a malicious software attack.Learn more
The main objective of business insurance is to protect a company from potential financial losses and risks that may arise from various unforeseen circumstances.
A business insurance policy is an insurance policy that protects a business against potential financial losses and risks. A business insurance policy covers property, liability, workers' compensation, professional liability and more.
The most common type of business insurance is general liability insurance. General liability insurance is an important type of coverage that every business or startup should get. It protects you in the event that your business causes bodily injury or property damages to another person.
For example, if you own a store and a customer comes in, trips on something and gets hurt, general liability will protect you from being sued as well as help you cover the injured person’s medical bills.
It may also cover the cost of legal defense if you are sued.