Small Business Insurance Supplemental Coverages
Your Company and those like it is the anchor of this country. If this is the case, have your insurance agent to add a home-office rider to your policy. This will then also cover your commercial assets (the items you transport) in the event of loss or damages following a crash. The business vehicle policy may not have a specific mention of vehicle use, so that is another thing that must be checked with your broker.
Make sure that you get an insurance that covers only what you need. If you use vehicles at all in your business, you need to include business auto coverage in your small business insurance policy. While you may be thinking that your business does not require insurance policies and does not have enough assets to be sued, you will still need to get your business insured.
Seeking business interruption insurance may also be helpful as in case of a fire or damage to the property the insurance will cover the expenses rent, payroll, taxes etc. Whether you own a furniture store, a restaurant, a technology firm, or an HVAC company, you can benefit from business insurance.
Second, Most insurance companies would like that policies cover both assets like property along with other liability protection. Thankfully however, insurance exists that can aid contractors in their battle against the tax man with cover policies that can cover policy holders against financial outcomes of tax investigations.
Do not confuse business liability coverage with your personal liability coverage, both of which you need. Employers’ liability insurance is completely different to public liability, in that it is specific to any incident relating to an employee of the company itself.