Basic Insurance Coverage For Small Businesses

Are you looking for business insurance in Babylon? For new small business owners, the process of finding the right insurance coverage can be stressful. With so many options available, it’s no wonder that many owners simply settle for the policy with the lowest premium, or worst yet, no insurance coverage at all. To help you make sense of it all, here are the two most basic insurance coverages that you should plan to include in your new policy.

Liability Insurance

Liability insurance is probably the most common form of business insurance. It can come in various forms depending on your industry, but the concept is simple. Liability insurance offers financial protection for your business in case a third party experiences bodily injury or property damage because of your business activities. Your policy will cover any attorneys’ fees, settlements or judgments related to such a case.

Property Insurance

Property insurance includes coverage for your building, furniture and equipment. Some policies even cover the data on your computers. If you experience any damage or loss to your covered items, your policy will pay for their repair or replacement.

To make it easier for you, some agencies offer package policies, which allow you to combine liability, property and other essential coverages into one policy. Work with an agent who is experienced with business insurance in Babylon to ensure that you get the combination of coverages that meets your exact needs.