Often at the top of the insurance cover list for any business which involves a number of workers, employers’ liability insurance is not just necessary but also a legal requirement for any company which is an employer. Your chosen specialist insurance company will be able to advise you and make sure you choose the most suitable cover for your line of business and get the best deal possible. Most homeowner policies provide only nominal coverage for business equipment and activities, so check with your agent to determine if you need a separate business policy or if you can add an endorsement to your homeowners policy.
If you have just left your current job to start your own business, you may be eligible for COBRA, which will provide temporary interim coverage. If you have liability go over, your insurance policy will cover the claim as much as the insured sum. Business property insurance quotes are available for all business premises, business premises contents and stock.
The coverage includes damages due to lawsuit in addition to legal costs. Here are just two examples of risks not normally covered by standard business insurance policies: alarm installers (liability for failure of the alarm to go off); hairdressers (liability for damages due to treatment malpractice).
Insurance carriers look at the “average” a family vehicle is used and often compare it to the average vehicle used in business. If you hire any number of employees, this coverage is a mandatory part of your business insurance. Many liability packages available on the Internet will offer quotes for tools and equipment loss or theft cover for small businesses and tradesman.
Workers’ compensation insurance is vital if you plan on having employees working out of your home. 3. On top of everything that is covered by your existing home insurance policy, home business insurance policies have a wide coverage that also includes business cards and accounts.