Article provided by: Jessie Insurance Agency
Jessie Insurance Agency is a locally owned and operated firm with over five decades of experience. We help our clients find the most affordable small business health insurance in KY, with maximum coverage.
Important insurances for small businesses
Businesses, regardless of their size and scale of operations, require protection against unforeseen contingencies. If you want to get a new business going, here are some of the common types of insurance that you will need:
- General Liability – This type of coverage is a must for every business that involves working in or with a third person’s property. This policy offers coverage for damages if you or your employees allegedly cause property damage or injury to someone else.
- Property insurance – If you own personal property for your business in the form of computers, office equipment, tools, etc., you must purchase a policy to protect your property from thefts, vandalism, smoke damage, fires, etc.
- Business owner policy – This type of policy is a collective package of all the coverages that a business owner will most likely require. It includes coverage for business interruption, liability insurance, property, vehicle, and crime. You may also make amendments to the policy to suit the specific needs of your business.
Besides, you will also need commercial auto insurance to protect the vehicles that you use for carrying products, employees, etc. It may also be a wise idea to buy a worker’s compensation insurance to protect your employees from injuries that they face while on the job.
Do I need liability insurance for my small business?
Every business is at high risk of facing liability claims. Buying the right type of business liability policy can protect your business from expensive lawsuits and paying a large sum in compensation. A general liability insurance policy can pay for lawsuits that you face for property damage or claims filed by injured employees.
Furthermore, by owning professional liability insurance, you can cover lawsuits that your business faces for the errors or omissions in the services you provide. We help our esteemed clients choose the best small business health insurance in KY.
Points to consider when buying a small business insurance
For starters, look for an insurer with predominantly positive reviews and a good reputation. Choose a licensed insurer that offers quality services and possess the expertise to assess the requirements of your business precisely. Get quotes from at least three insurers to see who offers the best coverage for your business needs at an affordable rate.
It is important to assess your business risks before you can determine the right type of coverage for your business. There is a good chance that your business may need more than one type of coverage/policy. Speak to an experienced insurance agent or representative from a reputed insurance agency to help you choose the right type of coverage for your small business.
Call us or visit http://www.jessieinsurance.com/contact-us/ to speak to one of us at Jessie Insurance Agency. We can help you compare, analyze, and choose the best small business health insurance in KY in the shortest period.