Are you a business owner? Whether small or large, you’ll want to make sure your business is protected. General liability insurance, which you may know as commercial liability insurance, ensures that you’re covered during general issues within your business. There is a plethora of coverage packages available for varying types of business needs. Let’s take a look at some of those now:
EPLI – Employment Practices Liability Insurance
If you have employees, you should highly consider an insurance package that will protect you, your employees, and your business from property and personal injury. When you add this onto your current insurance package, you’ll also have other liability issues covered besides injuries.
Professional Liability Insurance for Errors & Omissions
If you’re a licensed professional, and you want to make sure that you’re covered, the errors and omissions coverage is key. You’ll be protected when negligence leads to an injury on a client, or damage done to third party data. This is great for those that are in the following fields:
- Engineers
- Architects
- Insurance agents
- Accountants
- Attorneys
D&O – Directors and Officers Insurance
One of the last forms you should be made aware of is the Directors and Officers insurance. This is insurance specifically meant for business officers and directors and protecting them from lawsuits towards the company by those who make misleading statements. We all know that not every business is responsible for something that happened to a third party, and it’s important that you’re protected in case a scary incident comes up from someone not-so-trustworthy.
It’s important as ever to make sure you’re protected since the higher-ups in the company are more vulnerable and susceptible to lawsuits. Without this type of insurance, it would be easy for third parties to win lawsuits against companies, and this could make your company falter and decline.
It’s extremely important for a company – whether small or large – to invest in the proper insurance. Without, the future of your employees, management, and business could end within the snap of a finger. If you have any questions about these types of insurance with your current business, contact us today.
