As a business owner, you need insurance. You cannot overlook this expense. In the event of an unforeseen happening, you will be grateful to have this coverage. An umbrella policy covers many types of insurance. It is handy as it includes different types of coverage and often will save you money.
Liability insurance protects you and your business in the event of:
- physical harm,
- medical payments,
- advertising injuries, and much more.
If someone gets injured on your property or via your product, this insurance helps ease any financial burden on your business.
If an employee gets injured at your work, worker’s compensation coverage will help you to avoid paying out of pocket to pay that employee.
E&O (errors and omissions) is a type of business liability insurance.
It protects:
- companies,
- their employees,
- and other professionals from claims of inadequate work or negligent actions.
This coverage covers liability that pays for harm or property damage made against your business. This loss may arise from negligence or maintenance problems on your premises.
Insurance can save you and your business lots of money in the long run. Insurance can help protect you from costly lawsuits and other litigation. Find a trusted business attorney to help you get the proper coverage for your business.