One of the most vital responsibilities you have as a business owner is protecting your investment from risks that can jeopardize its success. Without proper business insurance, one disaster could be costly enough for you to lose everything you’ve worked so hard for. While every company has unique coverage requirements, most workplaces need a few basic policies. Here are some options to explore.

What Kind of Business Insurance Should You Consider?

1. General Liability

No one ever expects to get sued, but businesses need to ensure they have adequate liability coverage in today’s litigious society. General liability insurance is designed to cover claims and lawsuits that arise from someone getting injured on your premises. It also provides protection for any third-party property damages you or an employee may accidentally cause while working.

2. Commercial Property

Businesses that run out of a physical location or own items essential to their daily operation must have commercial property insurance. This will help pay to repair or rebuild your structure if it’s damaged due to a covered event, such as fire, inclement weather, or vandalism. It will also provide funds to replace the contents inside the building if they’re damaged or stolen. This may include furniture, equipment, and inventory.

3. Workers’ Compensation

Many businesses have a legal obligation to carry workers’ compensation insurance. Georgia law requires most employers with three or more employees to purchase coverage. This provides benefits to employees who are injured on the job to help cover medical costs and lost wages. By collecting compensation, employees give up their right to sue an employer for negligence. Thus, this type of business insurance also protects against lawsuits.

4. Business Interruption

If your workplace is forced to shut down for a period after a disaster, you’ll likely lose the opportunity to generate revenue. Business interruption coverage will help replace part of the profits you would have made so you can continue meeting your financial obligations until your operations can resume.

If you’re looking for high-quality business insurance, contact Advantage Insurers in Demorest, GA. They work with companies in various industries to help them find customized coverage solutions suitable to their needs. As an independent agency, they have access to multiple providers and can offer you competitive rates on a broad selection of products. Call (706) 754-1590 to request a quote, or visit their website to see a comprehensive list of services.