Kapasu Insurance Services Inc. Blog
You can never be too prepared when you’re dealing with business insurance. Most businesses would not have the right insurance policy when someone in the workplace gets into trouble. The solution to this is to see to it that the business has the right business insurance. Here are some tips on the specific types of business insurance you’ll need.
Always Get General Liability Insurance
Whether you have a small start-up or a large-scale business that has been in existence for years, always ensure that you have general liability coverage. Whether you have a grocery store or a restaurant, it is a general liability that covers lost wages, damaged property, and complaining customers. General liability insurance takes away the shame from your company by trying to settle people who are apt to file charges.
Get Product Liability Insurance If You’re a Direct Seller
Product liability insurance gives protection to businesses against financial losses in case of a defective or harmful product. Whether it’s your company’s fault or not, it is best to settle things with a legal counsel. However, always be ready. The decision of the court or the police may point out to your error or irresponsibility. In that case, your product liability insurance will come in handy.
Get Professional Liability Insurance for Your Professional Services
Professional liability insurance will protect you against claims of damage because of a flaw in your service or advice. This is due to an unintended omission or a simple mistake. If you're a radiologist who gave wrong diagnostic results to your patients, but you don't have professional liability insurance, you'll face charges.
Get Commercial Property Insurance for Your Building and Physical Property
Although your commercial property insurance may not include flood damage, it is best to have this in order to protect your place. If you don’t have commercial property insurance, you will have to replace everything destroyed by fire and bad weather. This includes your computers, machines, and furniture.
Get Home-Based Business Insurance If You’re Operating From Home
Your homeowners’ insurance won’t protect you at all from any threat or damage caused by your home-based business. This insurance covers cameras, phones, and computers used in your home-based business operations.
Some Last Words
The safety of your business does not only depend on the right business insurance policy. It also greatly depends on how you handle risk and ensure safety in your place. Always try to reduce hazards for your workers and customers. Also, find the right mix of business insurance that you need for your company.
At Kapasu Insurance Services Inc., we aim to provide comprehensive insurance policies that make your life easier. We want to help you get the insurance that fits your needs. You can get more information about our products and services by calling our agency at (760) 995-3853. Get your free quote today by CLICKING HERE.