Yesterday, we waxed poetic on the need for business insurance. Today, we'll do a bit more, with some bits of information you may not know.
There are several types of business or commercial insurance, and here's what you need to know.
Product Liability insurance will cover any manufacturing errors that your company makes, so that you are protected against angry customers making claims.
Professional Liability insurance covers against errors that your business would make in service or similar activities. Negligence is covered under this.
Commercial Property insurance covers your land and buildings on your property. If anything shall happen (theft, weather, fire, etc.), you will be compensated for your losses.
In addition, Workers Compensation insurance covers any injuries to employees that work for you. This is a very big part of insurance if you are in a physical labor-intense industry.
Commercial Auto Insurance is necessary if you plan on having you or your employees operating any types of vehicles.
If you want to cover everything you own, purchase an Umbrella policy. This will cover everything you have.
Remember to come to Bekan Insurance Group for the lowest rates on your Indiana Business Insurance, Illinois Business Insurance and Michigan Business Insurance. You just can't beat our rates. Visit our site or call us at 800.894.8225.
We haven't had a song of the day for awhile, so this becomes our de facto song of the week. Here is a video for The Heavy's new song, "How You Like Me Now?". I thought I'd try the embed function today. Hope you enjoy.
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