Running a business is hard work. There are many things to think about, from the products and services you offer to your marketing and sales strategies. But one thing that often gets overlooked is insurance. Yes, insurance. It’s not the most exciting subject in the world, but it’s important, and there are several types of insurance that Simply Business offers that you may not even know you need.
Table of Contents
Liability insurance
Liability insurance is a business’s best friend. This type of coverage helps to protect businesses from lawsuits filed due to an injury or accident that happened on their property, as well as any products being used in the course of trade that could cause harm without a proper understanding of the potential risks associated with them beforehand. Visit Simply Business and find the ideal insurance for your business.
Professional liability insurance
Professional liability insurance is a must for anyone who offers professional services. This type of coverage protects you from any claims that may arise as a result of your advice, and it can save both times spent on legal matters and money spent out-of-pocket by clients.
Professional services include anything involving finances, so if this sounds remotely interesting, I highly recommend getting some. If you don’t know how to proceed, visit Simply Business and learn everything you need about insuring your business.
Employer’s liability insurance
Employer’s liability insurance is a must for any business that has employees. It will protect you from claims filed by your staff, such as injuries and accidents on the job site or work-related activities.
Suppose an employee gets hurt while employed with this type of coverage in place. In that case, legal action may be taken against the company, resulting in financial loss and tarnishing its reputation. Take care of your business with the help of Simply Business.
Product liability insurance
Product liability insurance is important for any business that sells any product. If you ship out a product that causes injury or damage, liability coverage will help cover the cost of repairs to ensure customers can get back on their feet as quickly as possible. Protect your business with the help of Simply Business, visit their website and find all you need.
Business interruption insurance
Business interruption insurance is a type of coverage that can help cover the costs if your business has been shut down for any reason, such as a fire or flood.
Insurance coverage for business interruption lasts until the conclusion of the business interruption period, as specified in the insurance policy. According to the Insurance Information Institute, the standard insurance duration is 30 days, but the customer can extend it to 360 days with an endorsement. Be protected at all times with Simply Business.
These are just a few types of insurance you may need for your business. Visit Simpy Business‘ website and don’t forget, insurance is not just for big businesses. Even if you’re a sole proprietor, there are types of insurance that can help to protect you and your business.
