Opening a business can be a very exciting time of life, especially if it your first time owning one. There are so many things to look into and have in order, so make sure you are not forgetting one of the most important aspects of owning a business: insurance services.
Insurance services have a lot to offer and it can be a little overwhelming once you sit down and consider all of your options. Let’s go over a few types of insurance every small business owner should have.
- Property insurance
Whether you own the actual building or just have expensive equipment inside, you should insure it all. Anything could happen from vandalism to fire to theft and you don’t want your business to be ruined because of misfortune.
- General liability
Most people know that having good car insurance coverage is a vital part of staying safe on the road. But before you make a decision on those car insurance estimates you’ve been considering, it is important to make sure you know what you are paying for. Below is a brief explanation of the six types of car insurance coverage that typically comprise car insurance prices. Do you have the right type of insurance in your future plan?
Bodily Injury Liability Coverage
This covers you against any injury or death claims made against you. It also covers legal costs if your car injures or kills someone.
Property Damage Liability Coverage