Insurance Types For Small Business
For small business insurance pricing it s really a wide range as small businesses can all have different levels of risk.
Insurance types for small business. There are two types of commercial auto insurance policies for businesses. The first is property insurance. If you have employees your small business may be legally required to purchase workers compensation insurance and unemployment insurance states the sba. However small business insurance policies can cost as little as 250 year that can even include liability insurance.
This type of coverage provides compensation if business property is damaged stolen or lost. The idea here is to shop around to get several different quotes. Insurance exchange 248 349 1122 michigan small business insurance there are four types of insurance that most small businesses purchase. There are four types of insurance that most small businesses purchase.
Business owner s policy bop. Learn more about types of small business insurance and the varying small business owner insurance coverages that are offered by the hartford. Insurance for small business owners is a must. In some cases the law may also require.
What types of insurance do you need for your small business. A traditional commercial auto policy is like a personal policy that s been adapted for a business particular situation. Business insurance often comes as a package encompassing a range of different coverage options for you to choose from with the most common being building contents theft glass and general property. Income protection is actually classed as personal insurance but it is also one of the most important forms of insurance that a small business owner could hold.
In addition to covering the physical business structure property insurance covers personal property. It combines liability insurance and property insurance coverages. General and professional liability liability insurance is one of the most basic types of commercial coverage but also among the most essential. Property insurance business auto insurance workers compensation insurance liability insurance insurance quote.
Often bop s will include business interruption insurance property insurance.
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