Business insurance is a confusing topic because there are so many types of coverage to protect business owners against the different risks. To help clarify the subject, Farmers Insurance Group in Mountain Grove, MO, explains what you should know about insuring your business. The following information should help you protect yourself and your company from loss and liability.

How to Protect Your Business Assets

There are many business insurance options to protect your assets. For instance, if you own a building, you should buy commercial property insurance to protect the structure. Business property insurance, on the other hand, pays to repair or replace lost property and equipment used to operate the business, including furniture, electronics, and manufacturing equipment. If you run a fleet of vehicles, you need commercial auto insurance. You can even insure the lives of workers who are essential to your business with key employee insurance. Discuss your assets and insurance needs with a reputable agent.

How to Protect Your Business Against Liability

You should also protect your business against liability in case you or an employee injures someone or damages their property. Basic liability coverage guards against accidents while professional liability—or malpractice—insurance protects you if your law firm, accounting service, medical practice, or another company makes a professional mistake that harms a client or patient. Product liability covers you if a product you make injures someone or damages property. Finally, cyber liability helps to repair a breach and rebuild trust with customers if your computer system is hacked and client financial information is jeopardized.

To discuss your business insurance options with an experienced agent, contact Farmers Insurance Group in Mountain Grove, MO. As the premier business, home, life, and auto insurance agency in the region, they work hard to provide you with the most comprehensive coverage at the most affordable rate. Call (417) 926-7900 to speak with a friendly professional, or visit the website to request a quote.