Property coverage protects your structure and equipment assets; liability coverage reduces costs incurred from people claiming harm as a result of your business and business interruption coverage ensures you’re able to cover business expenses during a temporary shut-down.
Find out more about each area of business insurance coverage below.
Property coverage is often divided into two parts in a business policy:
Fixed Property (buildings, fixtures, etc.)
Contents (equipment, inventory, etc.)
Or it can be a combined single limit.
Your business’ property can be covered as “All Risk” or “Specified Peril”.
Liability coverage generally protects you from claims that arise out of harm your business (including employees) caused another.
Do you operate off-site?
Do you serve alcoholic beverages at functions?
Do you sell products that could cause harm?
Do you or your employees operate personal vehicles at anytime in the course of doing business?
What happens if your business is shut down? Who will pay the bills? Will you be able to resume when everything is back to normal?