Different types of Insurance Coverage for a Business
Accidents happen – they are part of life. If you own a business, be it a video game store, a pet store, or a grocery store, you need insurance coverage. In order to properly protect the owners assets a business needs many different types of insurance coverage. Below are a few types of insurance any business needs:
2. Property Insurance – Every business must have property insurance – even if you rent your space. Property insurance coverage includes equipment, signage, inventory, and furniture in the event of a fire, storm, or theft. However, events such as floods, earthquakes, and terrorism are not included in property insurance.
3. Workers’ Compensation Insurance – Even if you only have one employee you need workers’ compensation insurance. If your employee slips and falls, or even strains their back lifting a box, the medical bills could become very expensive.
When you have insurance coverage issues you need the help of an experienced insurance coverage attorney. Hagelin Spencer LLC specializes in this kind of law. To consult with one of their experts, call their offices located in Buffalo, Rochester, Syracuse, and Garden City, New York.