You’ve worked hard to build and grow your company. Business insurance allows you to protect both the time and money you’ve invested in it from unforeseen circumstances. Here are some of the major protections this type of policy provides.

What Does Business Insurance Cover?

1. Physical Structure of Your Business

In some ways, business insurance is similar to homeowners insurance. If a storm causes a tree branch to fall onto your business’s roof or a forklift shatters your window, the cost of repairing these issues would fall under its property coverage.

2. Equipment & Inventory

There are several kinds of disasters which pose a risk, not just to your building, but to the equipment and inventory inside. This may include fire, burst pipes, theft, or vandalism. If your office furnishings or machinery receive damage during a situation covered by your policy, your insurance will help pay for the cost of replacing them.

3. Liability Coverage

There is also a chance that someone may injure themselves on your property. Whether it is an employee who works with machines and, inadvertently, gets hurt or a guest who happened to slip in the building, your business’s general liability policy would protect your assets, including your personal ones, up to a predetermined limit. For example, if your company’s negligence contributed to the injury, this coverage could cover the cost of the person’s medical expenses. It may also pay legal costs if you are sued for the accident. 

Rio Grande Insurance, located in Espanola, NM, understands your challenges as a business owner. With over 100 years of combined experience, and 34 years in business, their team will help you select the coverage options that best suit your needs. Give them a call at (505) 753-2151 to speak to a knowledgeable agent. You can also visit them online to learn more about their other policies, including auto, home, and life insurance.