Three Insurance Options For Small Business Owners
Are you looking for an insurance agency in Needham? As a new business owner, it’s a good idea to take your time to find an agency that’s willing to customize their offerings to meet your needs. With a limited budget, you don’t want to spend on excessive coverage, but you also don’t want to have too little coverage. To help narrow your search, here are three fundamental coverages that you should expect to be included in your policy.
General Liability Insurance
General liability is broad coverage against third-party lawsuits claiming property damage or bodily injury caused by your business. Your policy will cover the costs associated with such a case including your attorneys’ fees, settlements and judgments.
Professional Liability Insurance
Professional liability is another form of coverage against third-party lawsuits. If a client or another person claims to have experienced a loss because of an error or omission on your part, your policy will cover your legal fees associated with the case.
Property insurance provides coverage for your building, equipment, furniture and electronic assets. If your covered items are damaged or destroyed due to a fire, storm, vandalism or theft, your policy will pay to repair or replace them.
As you conclude your search, resist the temptation to decide on an insurance agency in Needham solely based on price. Instead, analyze each potential candidate to make sure their capabilities align with your needs.