BUSINESS INSURANCE
What does "Business Insurance" or "Business Insurance Packages" cover?
Knowing the coverage you can get will help you make the right decisions when it comes to buying a key Business Insurance Package. Here is the coverage you can expect to get:
· Various levels of business liability
· Building & contents coverage
· Theft
· Legal action by employees or the government
· Machinery or electronic devices breakdown
· Business Interruption
· And much more
A good Business Insurance Package will make sure your business is covered from any number of events that can harm your business. Keep in mind that you will need business liability in any of the Business Insurance Packages you are considering.
Key inclusions in your Business Insurance Package
One – sums you are legally liable to pay in relation to personal injury or property damage that was a direct result of your business operation.
Two – the money you would have to pay in defence of your business when legal actions are filed against you
There are optional covers that are beneficial.
You are not stuck with just the essential covers that come with most Business Insurance Packages. You can add additional optional covers to ensure your company is fully protected from all possible events that will hamper your business.
These optional covers include the following:
Business Building and Contents
protects the building and its contents from physical damage or loss due to other activities. Specific areas this inclusion covers are:
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Accidental damage
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Property temporarily removed from your business
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Removal of debris
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Employees’ tools, equipment, personal effects, and clothing.
Misc. Inclusions
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Portable items
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Money
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Theft
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Glass
The additional increased cost of working
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Claims preparation costs
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Outstanding accounts receivable
These items protect you from damage or loss due to circumstances beyond your control.
Business Interruption
when your business cannot function normally, this inclusion covers you for the loss of revenue and other expenses.
A prerequisite to having this coverage is Business building & content cover. You have to have that coverage to be able to include this one.
What might be covered in the Business Interruption inclusion is:
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Loss of income
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Rent or Lease payments
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Relocation costs
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Employee wages
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Taxes
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Loan payments.
When you want a top Business Insurance Package
Shopping for a good Business Insurance Package can be very difficult. There are many insurance companies out there, all vying for your business. Some are very good, and some are not so good.
It can be time-consuming and complicated to vet each one. The good news is that our brokerage firm has done all of the hard work for you. When you want a top Business Insurance Package, just contact us.
Our firm will present you with the companies that offer the best Business Insurance Package for your business and budget.
Protect your business with a tailored Business Insurance Package
When it comes to business, just about anything can take place. When it does, often those events will create enough damage to hurt your bottom line. To help protect your company from losses is having one of the many suitable Business Insurance Packages.
To get the help, find the coverage that is right for your business, or just for a FREE consultation, call us