Workers compensation is coverage that employers often require to make sure that any workers hurt on the job can receive compensation for their medical expenses and lost wages. Workers compensation can extend to temporary employees as well.
General liability insurance covers bodily injury, personal injury, advertising injury, and property damage. It's a capsule policy that many businesses use as the basis of their liability cover. Each business should then talk with an insurer to make sure that there are no gaps in their coverage. We will see that you receive the insurance that is tailored to your needs and your scope.
Just as you can acquire property insurance for your home, a commercial building requires an insurance policy. It's very similar to a home policy, covering things such as fire, theft, and natural disasters. Any business with a physical location should have property insurance to protect the business's assets and the building itself.
Property insurance will cover furniture, inventory, signage, and equipment should they suffer from damage or destruction by fire, storm, or theft. As with home property insurance, your business property insurance is unlikely to cover damage from floods or earthquakes, though. As with a home property insurance policy, we can provide you with a separate policy if you are in an area that is at risk for these issues.
While this may sound like insurance for businesses that run many vehicles, such as delivery services, a fleet can refer to a single company car. Whatever the number of vehicles you use for your business, you require commercial fleet auto insurance to protect the vehicles and any drivers essential for your business.
This kind of auto insurance has a few differences from regular auto insurance. In general, the value of vehicles is greater for fleet auto insurance. Also, generally, there is no personal owner of a vehicle, with the vehicle or vehicles owned by a company.