ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

Insurance Policies for small business

Updated on June 17, 2009

business insurance

When starting a small business, it is very important that you get insurance policy to cover your business. There are so many insurance brokers and small business insurance companies that offer small business insurance policies for you to choose from. Running a small business without a cover put all your assets at risk at any time uncertainty like fire Occurs. As you know these uncertainty are unpredictable and can lead to your business closure

You need to consult your attorney, accountant and insurance agent during the start up process of your business; they will give you relevant advice and information about process that you need to follow to fulfill requirements for your smooth business operation. To save expenses you might need one consultant that will handle all your insurance needs

Am going to discuss some of the foreseeable risks that you need to protect by insurance

business property insurance

With small business property insurance, you will be covering buildings, if the building belongs to you, but where you lease the building your landlord should provide this coverage, under business property coverage assets like tables, desks, chairs, and equipment will be covered. Other small business property insurance will include Earthquakes, loss of income that might result from natural breakdown and hazards, flood and even fire.

Liability insurance

The General liability policy will provide coverage to the third parties in the event that the following occurs

  • Fire outbreak, or fire legal liability- this is a must if you leased out your premise
  • Personal injury
  • Advertising injury
  • Medical expenses to cover your medical payment
  • General liability for the premises

Employee’s compensation Insurance

This is mandatory if you have workers working for you, Worker’s compensation insurer may provide additional coverage such as risk management, and loss control services that are of great benefit to your business

Excess liability coverage

Excess liability coverage are available over and above the maximum limit your carrier may write, they can be added at an extra cost or can be purchased as commercial umbrella

Employment Practice liability policy

These are coverage to the employees to help in the event of wrongful termination or sexual harassments lawsuits

Auto Coverage

Auto insurance is done to cover company vehicles; vehicles can be damaged when involved in road accident hence you need to protect your vehicle and the passengers onboard, for more information on auto insurance check on the auto insurance policy

Health insurance - Will help employees seek medication attention whenever they are sick, the other insurance policy you need to consider is Life Insurance, in the event that your business partner dies he or she will be covered by this.

Those are some of the coverage that you will get for small business, make sure that you get more information from your insurance agent available near you or some of this information can be obtain online from these companies

Remember that the above small business covers have got different insurance quotes, make sure you get the right quote for your business

Comments

    0 of 8192 characters used
    Post Comment

    • profile image

      Rynaldo 

      9 years ago

      For all your insurance needs: http://allinsurancehelp.blogspot.com OR www.hubpages.com/profile/rynaldo. These blogs covers all the information on ANY type of insurance. Will be updated daily

    working

    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://hubpages.com/privacy-policy#gdpr

    Show Details
    Necessary
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
    Features
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Marketing
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Statistics
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)