But if you prefer purchasing an individual policy, you can also choose any of the coverage options below.
- Business Income Insurance
This policy will help you replace some of your lost income if you have temporarily closed because of a covered loss, such as theft, fire, damages from a natural disaster, and others. This policy will also help pay for your expenses while your building is still being repaired or rebuilding.
- Business Property Insurance
Business property insurance will help protect your business’ personal properties and buildings. The coverage may include tools, furniture, equipment, and inventory. They may also include machinery if they will include it in your policy.
- Professional Liability Insurance
This policy will help cover the claims that are related to your business’ errors when providing your services. Like for example, if your business has made a clerical error and made your customer lose thousands of dollars, this insurance will help cover the costs it would take if your client made a claim.
- Workers’ Compensation Insurance
Like your business, it’s also important to keep your employees covered and protected during work. This insurance policy will cover the costs of your employees’ medical expenses due to a work-related illness or injury. Not only would it cover medical or rehabilitation expenses, but it would also cover the days they haven’t been able to work due to their injuries.
- Data Breach Insurance
If your business is more on using and managing technology, then you should definitely consider purchasing this policy, especially if the data you are keeping is critical. This policy will help cover all the costs of cyber attacks or threats if you’ve encountered it. If your business has been attacked, your provider may cover the costs to find the breach’s source and to mitigate the damages done.
If you are just starting your business or planning on starting one, the first thing that you need to think of is about purchasing business insurance. Buying these policies may not be cheap, but they are proven to be worth it once an incident happens that is covered by the policy. Therefore, do not skip on buying a business insurance policy.
At Western Pacific Insurance, 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 702-932-3105. Get your free quote today by CLICKING HERE.