Investing in the right business insurance policies can help protect your enterprise from accidents, disasters, and legal issues. There are many different types of insurance businesses can be best suited for, depending on the kind of company they are, the products or services they offer, and the clientele they serve. However, some policies are more commonly sought after by business owners.
3 Types of Business Insurance
1. Professional General Liability Insurance
General liability insurance offers a safeguard against negligence claims stemming from your business's products or services. Also known as errors and omissions insurance, or E&O, professional liability coverage is best when tailored to the unique offerings of your business. Every industry has specific standards and legal considerations to bear in mind, and the business insurance policy you choose will ensure that these components are followed and adhered to.
2. Workers' Compensation Insurance
The welfare of your employees should be a priority in running your business. Part of this protection includes having the required workers' compensation insurance to help your employees should they become injured on the job. Workers' compensation protects both you and your employee from legal action and maintains the safety and efficiency of your workplace.
3. Property Insurance
Property insurance covers all the major physical aspects of your business. The building you're in, the signage on display, the inventory in your stockroom, the tools and equipment you use on a daily basis; property insurance protects them all. In the event of a natural disaster, fire, or robbery, you will be grateful to have this insurance policy on your side.
The James C. Whitley Insurance Agency has been serving High Point, NC, for nearly four decades. With offices on Main Street and West Lexington Avenue, they are here to help you find business insurance solutions custom-made for your professional life. Call (336) 841-5300, visit their website, follow them on Facebook, or check them out on Yelp for more information about their services or to obtain an insurance quote. Let a trusted insurance agency design the right policies to not only safeguard your business but help it thrive.