Just like you invest in assets such as your home, auto and life by purchasing the relevant insurance policies, you need to protect your business in the same way. As a business owner, you have rights that are protected by law, but having outside insurance policies in place will further protect yourself, your business and your employees.
The most common types of business insurance that you can get from Steve Wilk Insurance, which are a must-have for any business that operates with employees, are unemployment insurance and workers compensation. In most areas, you’re required by law to have these policies. Some of the other recommended policies that you have are general liability, product liability, and professional liability.
If you’re operating from home, a home-based business insurance policy will protect your business losses if something happens to your home because most homeowners’ policies do not protect home-based businesses. For those running business out of an office, commercial property insurance will cover damage that is sustained to equipment or the structure.
The type of business you are in and the possible risk associated with that business are factors that determine your coverage needs. If you are a building contractor then you will need more coverage than a consultant would need. Contact us at Steve Wilk Insurance today, and we can help you find the proper coverage for your business.