Regardless of the kind of small business you own, you need to make sure you are protected against the unexpected. The best way to do this is with small business insurance.
Since every business is different, it’s also important to make sure you have the right type of insurance. This way you can rest assured that your business is adequately protected.
If you are looking for small business insurance in Atlanta, examine all of the areas that are covered under a plan. Some plans focus on only one type of protection while others offer broad protection.
Here are six things commercial insurance plans cover that you might not be aware of.
What is Covered Under a Small Business Insurance Policy?
This is one of the most common types of business insurance and can be found under almost every small business policy. General Liability covers you in the event of a third party claim of injury to another person.
You never know when a fire or natural disaster could strike, so making sure your property is taken care of is one of the most important parts of small business insurance coverage. If you own any kind of retail store or restaurant, your building, equipment and inventory are covered under an insurance policy.
Professional Liability (AKA Malpractice)
Professionals that are in the services industry, such as lawyers, accountants or consultants should always have this coverage as part of their insurance plan. It will protect you in the event that you face a lawsuit due to negligence or advice that led to a claim of injury or loss to someone you counseled.
Other Areas Covered by Small Business Insurance
Commercial auto coverage is particularly important if your business makes regular deliveries or visits to clients and customers. Just like carrying your own car insurance for your personal vehicle, your small business insurance covers commercial vehicles that are used for company purposes.
If you have employees, protecting them is just as important as protecting your other assets. Workers’ Compensation provides for your employees in the event of an on-the-job injury or accident by covering medical care and wage loss.
In an ever-increasingly digital world, safeguarding yourself against cyber-crime is a must for every company, regardless of industry. Cyber insurance protects you from the risks of security beaches and data theft and the liability claims that typically follow.
Atlanta Life General Agency has knowledgeable advisors standing by to help you identify the right insurance coverage for your business. Call us today at 866-389-4466 to speak with an advisor and get your business the protection it needs.