As a business owner, nothing is more important than keeping the company safe. While security systems and responsible employees go a long way towards keeping a business up and running, you still want to invest in the right business insurance. Without proper coverage, the company will be vulnerable to expensive repairs, damages, and lawsuits. Here are a few types of coverage your company needs.

3 Types of Business Insurance Every Business Owner Should Have

1. Property Insurance

Without your property, the business would be almost impossible to run. Property insurance protects the physical structure, equipment housed in the building, furnishings, and inventory. This coverage can be used whether you rent a building or own the property.

2. Professional Liability Coverage

Liability insurance protects you from costly lawsuits if a client or customer finds fault with your services or is injured on the property. Without protection from liability, you’d be responsible for paying any court costs, settlements, medical bills, and repairs associated with the incident. This coverage can save you thousands if you ever need to file a claim.

3. Workers Compensation Coverage

Though required by law, workers compensation insurance is beneficial to you as the business owner and the employees. If an employee is injured on the job, it’s your responsibility to cover the cost of their medical bills. With workers compensation coverage, your insurance policy will help cover the cost of the injured employee’s medical treatments and provide them with a portion of their income while they’re unable to work.

Bradford Hegler – State Farm Agent understands the unique insurance needs of small and large business owners. With over 25 years of experience helping companies in and around Carroll County, GA, he’ll work to find the best business insurance policy for your needs and make sure your organization is fully protected. Visit his Facebook page for the latest news and call (770) 456-4000 for a free quote.