Similar to the way you protect your car and home with insurance, the right type of insurance for your business can provide you with peace of mind in your personal and business life. To protect your assets and your business from potential risks, you should consider obtaining business insurance.
Business insurance can protect your new or growing business in a number of ways, including insurance for business property, earnings, and liability. Insurance policies can provide coverage in the event that a disaster or emergency destroys part or all of your business premises and/or assets, and can protect your business from the legal costs resulting from a lawsuit for personal injury or property damages. Some of the most common types of business insurance coverage available today are Commercial General Liability (CGL), and professional liability coverage, known as Errors and Omissions.
Commercial General Liability protects your business if you are found legally liable for injuries or property damage caused by your product, completed work, or accidents on your premises involving visitors or customers.
Errors and Omissions coverage is designed to protect professional individuals and companies against claims for financial loss associated with negligence, malpractice, errors, and omissions resulting from their professional services.
Insurance needs can vary greatly which is why it’s best to get advice from a trusted broker like The Hull Group who is familiar with your specific type of business and can guide you towards the right protection. Contact us today to learn more about how you can protect your business with the right type of insurance.