Entrepreneurs need all the support they can get on all fronts. Along with amazing staff and state-of-the-art equipment, reliable business insurance is also crucial to your company’s success. The type of insurance is not universal, which is why it’s often necessary for business owners to choose a few different policies to meet their needs. 

What Business Insurance Do I Need?

1. General Liability

What if a customer or client is injured on your property? General liability pays for aspects like medical costs, but it can also provide funds for legal fees and court costs. Litigation can get expensive, even if you’re in the right. 

2. Property Coverage

Property insurance is a must, despite whether you own the building you operate out of. Property coverage also protects essential work equipment, including computers and printers. Just make sure you set coverage limits high enough to pay the appropriate amount should a claim be filed. 

3. Professional Liability

Businesses that provide professional services have unique liability risks. For example, if an accountant provides advice that causes a client to lose money, that client could file a suit. Professional liability covers court costs in this case, much like general liability. 

4. Commercial Vehicle Insurance

Commercial vehicle coverage is similar to auto insurance for personal vehicles. Basic liability coverage pays out when your staff is the cause of accidents, while comprehensive insurance covers your work vehicles and medical costs for workers. 

5. Workers’ Compensation

What happens if an employee is injured during the course of work? Without workers’ compensation, you’ll be on the hook for their medical costs and lost wages. You may also get in legal trouble since most states mandate that certain employers carry workers’ compensation. 

The right insurance package will protect you and your business. In Bethlehem, PA, Kleppinger Insurance, LLC is glad to provide information on business insurance policies so you can make the right decisions. They can also help you find affordable policies due to their network of carriers, which allows them to shop around for the best deal. Call (484) 357-1485 to schedule a consultation. You can also visit them online to get a quote for business coverage or other insurance products.