3 Types of Insurance Every Business Needs

Insurance Financial Services

To secure your financial assets and protect your business from undue hardship, it is crucial that you invest in the right kind of insurance. Insurance Financial Services can help you create the perfect policy that’s specific to your business needs. Regardless of your industry, here are three types of insurance you want to include in your plan.

1. General Liability

General liability protects you from financial loss due to bodily injury and property damage. For example, if a client slips and falls down the stairs due to a wet floor, you can be held responsible for any medical bills and treatment that your client receives.

2. Property Insurance

Property insurance covers the cost to repair or replace anything your business owns and keeps on the premises. Examples include:

  • Inventory
  • Equipment
  • Signs
  • Furniture
  • Documents

Depending on the plan, this type of insurance can also include fire, weather damage and theft.

3. Professional Liability

Professional liability, also known as errors and omissions insurance, protects you, your business and your employees from financial loss due to negligence, mistakes and misrepresentation. This coverage provides funds for legal processing, court fees, investigations and client compensation.

Don’t Wait Until Tragedy Strikes

Don’t wait until the last minute to get a solid business insurance plan. Call Insurance Financial Services to secure your policy and fully protect your assets.