Running a successful business depends on having a great product, excellent customer service, and a detailed knowledge of your industry—but it also takes a little luck. After all, a single unfortunate accident or natural disaster could wipe out your investments and put you out of business for good. To protect you against the unexpected, a sound business insurance package provides an umbrella of coverage, giving you peace of mind and the ability to bounce back.

3 Important Protections Business Insurance Provides

1. Business Property Coverage

If your inventory or the equipment you rely on is damaged or destroyed in a covered event, your property insurance coverage will pay for replacement or repairs. These policies also protect your building itself, so you’ll be covered if a major storm tears off your roof or a fire breaks out. In addition to disasters and accidents, your business property coverage also protects against losses caused by theft or vandalism.

2. Worker’s Compensation Coverage

In Alabama and most other states, employers are required to carry worker’s compensation coverage to protect their workers from on-the-job accidents or occupational illnesses. Even if you’re not required to participate in worker’s comp, including coverage in your business insurance policy is a great investment, since it shields you from potentially expensive liability suits.

3. Business Liability Protection

As a business owner, you’re legally liable for your employees’ mistakes and accidental injuries that might occur on your property. If one of your drivers causes an accident or someone trips in your parking lot, the resulting lawsuit could force you to close your doors, even if you ultimately prevail in court. With liability coverage, you can relax, knowing that your business insurance policy will pay for any valid claims and defend you against spurious suits.

You’ve worked hard to build your business, so let the experienced professionals at Russell Insurance Agency protect what matters most to you. For over 20 years, their agents have helped business owners throughout lower Alabama get the coverage they need, with policies tailored specifically for your needs. Visit their website or call (251) 947-3607 to request a business insurance quote, and follow their Twitter for helpful tips and advice.