Business Insurance in Riverdale, GA
Business insurance is a financial product that can help maintain a company’s financial stability. It may provide financial assistance following unforeseen events such as accidents and lawsuits. For instance, if a product you sell harms a customer, general liability insurance may cover legal fees and any compensation required. Property insurance may help pay for repairs and equipment replacement if a fire damages your office. These coverages can help ensure unexpected incidents don’t derail your business operations or finances.
What Types of Business Insurance Do I Need?
Every business has different insurance needs depending on its nature and the risks associated with the industry to which it belongs. Generally, businesses should consider the following types of insurance:
- General liability insurance may cover legal fees and damages if your business is sued for causing bodily injury or property damage.
- Property insurance may cover physical assets such as buildings, equipment and inventory from risks such as fire and theft.
- Workers’ compensation insurance may pay for medical bills and lost wages for employees who were injured or got sick on the job.
- Professional liability insurance, or errors and omissions insurance, may help with claims of professional mistakes or negligence.
- Commercial auto insurance may cover liability and damage for vehicles used in business operations.
What Does This Type of Insurance Cover?
Coverage varies by policy and provider, but generally, a business insurance policy may cover the following:
- Property damage
- Liability claims
- Business interruption
- Employee injuries
What Are the Costs?
Insurers typically base your business insurance rate on several factors, including the following:
- Industry type
- Location
- Revenue
- Number of employees
- Amount and type of coverage
- Claims history
Consult an insurance professional to help tailor a policy to your specific needs and budget.
Contact Us
The Sims Group Insurance Agency is the expert to call for your business insurance needs. Contact us today to get started.