If you run a company, you need to understand the basics of business insurance to protect your employees and property. Chanler Agency, the premier business, home, auto, and property insurance agency in Geneseo, NY, offers a brief primer on the subject in the sections below.

What Does Business Insurance Protect?

Your Employees

One of the primary purposes of business insurance is to protect your employees. By offering health, life, and disability insurance (both long and short term), you can attract top-tier talent and reduce employee turnover. Moreover, workers’ compensation insurance, which pays for your employees' medical treatments if they become injured or ill from work-related issues, is required in New York State.

Your Property

Commercial property insurance pays to replace or repair your business premises if it is damaged or destroyed by fire, storm, and other perils. It also covers your equipment, furniture, tools, vehicles, and other business assets.

Your Income

If your business suddenly stops due to some calamity or personal misfortune, business interruption insurance provides an income stream as you rebuild or relocate. The payment time frame varies, but it buys you some time to get your business back on track.

Against Liability

Liability insurance protects you from liability if you or an employee should injure someone or damage property. It usually pays for medical treatments and replaces or repairs property. It also covers the cost of litigation and settlement should you be sued.

The experienced agents at Chanler Agency in Geneseo offer invaluable guidance when you're shopping for business, home, auto, or property insurance. For nearly 45 years, their friendly experts have been helping clients navigate the often confusing commercial landscape and design the best business insurance policy for their needs and budget. Visit their website to view contact information, or call (585) 243-5520 to discuss your insurance needs with a friendly expert.