As a small business owner, you have a lot at stake. Business insurance is designed to protect your financial future from the unexpected. While policies can vary, the guide below explains what protections this coverage offers and how acquiring one can give you some much-deserved peace of mind. 

What Do Standard Policies Cover?

Business insurance usually includes property, liability, and income protection in one convenient package. The first covers the physical structure you operate out of and equipment or other belongings stored there. Liability coverage protects you against legal actions, and income protection ensures you can continue to earn a living even when operations are disrupted.

Are There Other Types of Business Insurance?

You may also want to look into other types of coverage for added protection. Nearly all states require business owners to carry workers’ compensation insurance, which covers injured employees. Disability and unemployment coverage also protect your workers from lost income. There is also errors and omissions insurance, which protects enterprises that offer professional services from accusations of negligence or inadequacy that resulted in harm.

How Can I Determine Which Coverage Is Right for Me?

While every company should have basic business insurance, consider the amount and type of equipment you use, the number of workers in your enterprise, and the type of services you provide when determining how much additional protection is necessary. Errors and omissions policies, for example, are more useful for lawyers and doctors than they would be for a retail store. If you have any questions about what will cover your needs, speak to a qualified insurance agent, who can offer guidance.

To learn more about business insurance, turn to Doris Watson Insurance Agency in Broken Arrow, OK. Headed up by State Farm® agent Doris Watson, she will use her many years of experience to find you a policy that is both comprehensive and affordable. Schedule a consultation today by calling (918) 251-4333. Or follow this company on Facebook for more insurance tips.