Three Key Coverage Options For Your Business

workers comp insurance

New business owners have a lot to figure out when it comes to insurance coverage. Without the right guidance, they are likely to end up with insufficient coverage, leaving their investment exposed to all types of financial risks. To limit such exposure, it’s recommended that you work with an insurance agent who’s experienced in your industry. In the meantime, here are three of the most basic, yet key, coverages you’ll want to include in your policy: general liability, property, and workers comp insurance.

General Liability

In case a third party is injured or experiences property damage because of your business, your policy will cover any fees associated with a lawsuit. Covered fees usually include any attorneys’ costs, settlements or judgments.


If a storm, fire, theft or vandalism causes your property to become damaged or lost, your policy will pay to repair or replace the covered items. Your office, furniture, equipment and electronic property can all be included in your policy.

Workers Compensation

Workers comp insurance is usually required if you have at least one employee. In case of a workplace accident that leads to injury, your policy will pay for any medical bills, legal fees and lost wages.

While these three coverages are great for protecting you against many of the risks facing businesses, more coverage options may be required depending on your industry.

Working with an experienced agent to customize your policy is the best way to ensure your business is secured.