Las Vegas, Nevada
6655 S Cimarron Rd, #200
Las Vegas, NV 89113
(702) 527-5557

5 Types of Insurance to Consider for Your Business January 18, 2018

Las Vegas, Clark
5 Types of Insurance to Consider for Your Business, Las Vegas, Nevada

Whether you’re a fledgling startup or thriving enterprise, one thing is for certain: you need business insurance. That being said, different businesses will require different types of coverage. Below, the Las Vegas, NV, business law experts at Gordon Law highlight several types of insurance to consider for your company.

5 Types of Insurance Your Business Should Consider

1. Property

business lawProperty insurance covers losses stemming from a wide array of events, including theft, vandalism, fire, storm, and civil disobedience. This policy will allow you to replace signage, equipment, computers, and inventory should your business fall victim to destruction or damage.

2. Liability

Liability insurance protects your business from claims of injury or negligence brought by a third party. For example, if a customer were to sue your business following a slip and fall accident, your liability insurance would cover your associated legal expenses.

3. Commercial Auto

Vehicles used for business purposes are typically excluded from personal auto insurance. As such, any vehicle used in the operation of your business should be covered by a policy.

4. Workers’ Compensation

If an employee is injured on the job, your workers’ compensation insurance will cover associated medical expenses and lost wages. This will also protect you from employee lawsuits stemming from work-related injuries.

5. Product Liability

If you are in the business of manufacturing, distributing, or selling products, liability is a must. Should one of your products cause injury or bodily harm to a consumer, your policy will protect against financial loss.

If you have questions or concerns regarding business law and liability, Gordon Law is the firm to call. Backed by over 20 years of business law experience, attorney Gordon focuses on a variety of legal matters, including contract law, litigation, human resources, and more. Learn more about their areas of practice online, or call (702) 527-5557 to schedule a consultation for your business law matters.

Other Announcements, Events and Deals from Gordon Law
California assaults business again (or reason 1,000,017 why I should move my business to Nevada), Las Vegas, Nevada
Businesses that are concerned about the overreach of taxes and regulations from the state government continue learning how hostile California is to business owners. On April 30, more
Weed and Work, Las Vegas, Nevada
According to the Bureau of Labor Statistics, Nevada’s most recently reported unemployment rate is roughly five percent. Many employers are scrambling to find qualified employees as more
In business contracts, is it better to ask for permission or forgiveness?, Las Vegas, Nevada
In typical lawyer-speak, the answer to the questions is…it depends. In a few recent transactions, this question has come up for my clients and I think that with contract more
What is a Buy-Sell Agreement and why do you need one?, Las Vegas, Nevada
A Buy-Sell Agreement is an agreement between the owners of a business that provides for when and how one owner can buy out the other’s interest. All businesses should have some form more
Death is a certainty of life - are you properly protecting your business and family?, Las Vegas, Nevada
As a business owner, it is likely that a significant portion of your wealth (and your family’s security) is intertwined with your business. You have spent countless years and more