Cornerstone Insurance Agency Blog
Business insurance provides a safety net against the company’s vast and unnecessary financial losses and damages and ensures its smooth operations.
This insurance protects a hard-earned business from all forms of harm and loss detrimental to its operations, such as lawsuits, theft, property damage, and employee injury. Corporations, whether small or large scale, need to be secured by business insurance.
Read on to determine the types, extent of coverage, and costs of obtaining small business insurance.
Major Types of Business Insurance Coverage
Selection of business insurance coverage depends on business nature, types of coverage mandated per state, business needs, and threats. The types of business insurance coverage are:
Insurance for Small Businesses
Most small businesses will need General Liability, Property, Worker’s Compensation, Unemployment, and State Disability Insurance for their protection. Professional Liability Insurance can be added to cover expenses from potential errors of running the business.
Costs of Business Insurance
As a general rule, small businesses should allot a range of $30 to $80 per month for their insurance matters. Liability coverage can be influenced by the number of workers, business location, and exposure to hazards.
Small businesses may obtain various insurance coverage types depending on business nature, number of employees, state requirements, or hazards entailed in the industry. Get the most appropriate business insurance coverage for you and your family at Cornerstone Insurance Agency.
At Cornerstone Insurance Agency, we aim to provide comprehensive insurance policies that make your life easier. We want to help you get the insurance that fits your needs. You can get more information about our products and services by calling our agency at (888) 661-8831. Get your free quote today by CLICKING HERE.