When you own and operate a business of any size, you’re faced with many different types of liability on a daily basis. Each time you produce and sell a product, provide a service or interact with a customer, you are making your company vulnerable to potential lawsuits. To protect your assets and reputation, it’s wise to purchase an extensive business insurance policy, such as the coverage offered by Veronica’s Insurance.
Types of Business Insurance- as a business owner, you can purchase three primary types of business insurance policies: products liability insurance, professional liability insurance and general liability insurance. Depending on the nature of your business, you may need one or more of these policies for adequate protection. These coverage types are described in more detail below:
GENERAL LIABILITY: General liability insurance is the most basic insurance coverage you can purchase for your company. It will protect you from claims of injury on your property, advertising issues and property damage.
Product Liability: Products liability insurance protects you against claims from consumers who sustain injuries when using your products. Coverage amount vary based on the nature and size of your business.
PROFESSIONAL LIABILITY: Professional liability insurance protects your business against claims of negligence, omissions, errors or malpractice. In some industries, you may be legally required to carry this type of coverage.
Regardless of the type of business you operate, business insurance is an important investment. Without the proper coverage, everything you have worked so hard to build is at risk. If you need to purchase an insurance policy to protect your company, consider purchasing coverage from Veronica’s Insurance. If your employees operate company-owned vehicles, you may also benefit from Veronica’s Insurance .
Veronica’s Insurance can provide your company with coverage for cars, trucks, vans and any other vehicles you operate.