Every business, no matter how small, represents significant investments of time, money, and effort. Your small business is your lifeblood, but unfortunately, a major storm, a liability lawsuit, or another unavoidable event can threaten everything you’ve built. Business insurance can shield you from a wide range of threats and increase your chances of staying open and continuing to grow after a disaster.

What You Should Know About Business Insurance

Every Business Needs Basic Coverage

At the very least, every business owner should consider purchasing general liability and property coverage. If an employee causes an accident in which someone is injured, a customer is hurt by a defective product, or you make a mistake that damages a client’s property, liability coverage will pay for valid claims as well as the cost of your legal defense. Property insurance will compensate you for business equipment, inventory, or other possessions lost or damaged in relation to a covered event.

Business Insurance Allows You to Keep Going

Between 40% and 60% of businesses never reopen after a disaster even if they have insurance. Many business insurance policies include income replacement, which allows you to continue paying employees and covering expenses while repairs are underway. After a hurricane, fire, or some other major event, this coverage can be a lifesaver for your company.

Some Coverage Is Required by Law

In most states, businesses with just a few employees are required to participate in some type of workers’ compensation program. This vital coverage ensures your employees get the medical attention they need if they’re hurt at work while shielding you from expensive personal injury suits.

For over 20 years, Farm Bureau of Mebane-Caudill Agency has helped business owners throughout Alamance County, NC, protect what they’ve worked so hard to build. Their team was chosen as the Best Insurance Company in Mebane by the Mebane Enterprise thanks to their exemplary customer service and personalized coverage options. To get your free business insurance quote, use their online Get a Quote tool or call (919) 563-3276. Follow them on Twitter for more tips and advice.