From equipment and vehicles to employee safety, small business owners have many needs for financial protection to cover damage, accidents, and other unforeseen scenarios. Having the right commercial insurance policies will give you peace of mind. Wilson Insurance Agency in Dalton, GA, helps companies in a broad range of industries secure the coverage they need to protect their hard-earned investments and recommends essential plans to consider.

5 Vital Commercial Insurance Policies for Small Businesses

General Liability

This policy provides protection against negligence that results in bodily injury and property damage linked to a company’s products or services. In addition to covering the small business owner and employees, the insurance plan extends to customers injured on the company’s premises.

Property

Small business owners who also own the building they operate in need property insurance to cover perils like theft, vandalism, fire, and natural disasters. This commercial insurance policy provides repair and replacement funds. Business personal property insurance — a subset of this type of plan — covers nearly every item inside the building.

Workers’ Compensation

Employees injured on the job would have their medical expenses and wages covered under a workers’ compensation policy. Depending on the plan, they would have to agree not to sue their employer for tort of negligence if they accept workers’ compensation benefits.

Cyber Liability

Private data like employee social security numbers and customer credit card accounts are susceptible to cyber theft. Cyber liability insurance covers the potentially costly expense of alerting people affected by the breach.

Loss of Business Income

This commercial insurance policy makes ends meet when a company isn’t making money in a specified situation, such as a fire. It covers the net profits that would have been earned during that time if the business had been operating normally.

As an independent entity, Wilson Insurance Agency in Dalton, GA, can shop for the best commercial insurance coverage and rates from some of the nation’s top providers. To get started, call (706) 278-0549 to request a free quote. Better yet, stop by — a friendly and experienced agent will be happy to discuss your needs and create a comprehensive policy. Visit their website for more information about the local insurance agency.