Campbellsville, Kentucky
300 N. Bypass
Campbellsville, KY 42718
(270) 465-2717

5 Types of Business Insurance to Protect Your Investment January 23, 2018

Campbellsville, Taylor
5 Types of Business Insurance to Protect Your Investment, Campbellsville, Kentucky

Whether you’re a new entrepreneur or a seasoned business owner, insurance is a must to protect you from potential catastrophes and lawsuits. There are many business insurance products available, and the specific kinds you need will vary depending on the type of company you own, its location, and the number of employees you have. Below is a brief list of the various options available to ensure full coverage.

What Business Insurance Do You Need?

1. Property Insurance

If you’re just getting started, you may be running your business out of your house and assume your home insurance policy will cover you. Unfortunately, most don’t offer adequate coverage for your specific needs, and you’ll have to upgrade. If you own or lease an office or storefront, commercial property insurance is also a must-have. It will cover equipment, inventory, office furniture, and more in the event of a storm, fire, vandalism, or theft.

2. Liability Insurance

Liability insurance for businesses varies depending on the industry. Doctors and lawyers, for example, have specific needs when it comes to this type of coverage, and those requirements will differ significantly from a general contractor. To that end, these insurance policies are drafted to meet the unique needs of a particular business.

3. Workers’ Compensation Insurance

business insuranceAcross most states, workers’ compensation is a requirement. In the state of Kentucky, most employers must obtain and provide this coverage for their employees from a private insurance agency, as there is no state-run program. It will cover medical expenses, disability, and more if an employee suffers an injury on the job.

4. Commercial Auto Insurance

If you plan to use a vehicle solely for your business or provide your employees with company cars, you need commercial auto insurance. This will cover third-party injuries following an accident, as well as the automobile itself.

5. Business Interruption Insurance

The policy will compensate you for any lost income following a catastrophic event. If a fire destroys your office, leaving it unsuitable for work, you could go several weeks or more without a place to conduct business, losing a significant amount of your income. With business interruption insurance, you can rest easy knowing you’ll still receive that money while you’re out of commission.


To find out which types of business insurance are right for you and your company, meet with the experienced agents at Reed Brothers Insurance in Campbellsville, KY. They will review your unique needs and put together a custom combination of policies for the comprehensive coverage you require. Visit their website for more information about how they can help, or call the office at (270) 465-2717 to speak with an agent today.

Other Announcements, Events and Deals from Reed Brothers Insurance
What Types of Auto Insurance Coverage Are Available?, Campbellsville, Kentucky
Auto insurance is required in Kentucky to protect yourself and other drivers, so if you register a car in the state, you'll have to buy at least the minimum amount of coverage. The more
3 Tips to Find the Best Term Life Insurance Rates Possible, Campbellsville, Kentucky
Life insurance is a smart way to protect and provide for your loved ones. However, just as with any investment, there are hundreds of policies and coverage limits to choose from. more
What Does Life Insurance Cover? , Campbellsville, Kentucky
When purchasing life insurance, it’s important to have a clear idea of what it covers so that you can choose the best policy for your needs. In fact, the plans can be much more
The Top 5 Reasons to Buy Renters Insurance, Campbellsville, Kentucky
Many people forego buying renters insurance because they believe their property is covered by their landlord's homeowners policy. Unfortunately, this is almost never the case. The more