- Umbrella insurance programs – this is a way of extending the insurance in an affordable way. This covers those unexpected events that are beyond the limits of what your standard business insurance policy covers. It will ensure that you are fully covered, no matter what the cost of the event.
- Business owner policies – the business insurance under this type covers a certain degree of liability. It provides protection from fire and other damages.
- Product liability insurance – this will help to protect you in the event any of your products accidentally cause harm to others. One example of the type of business that may need this coverage is food catering.
- Errors and omissions insurance – this is applicable for service-oriented businesses where there is a risk of doing some harm to your customers. An example of this would be medical malpractice insurance for doctors, which they are required to get.
With all of these varied types of coverage it would be good that you discuss your options with a qualified business insurance agent. They will give you advice on what policy will be best suited to your business needs. This will protect you, your employees, your customers, and your business.
Part 1