Business Insurance Packages to Choose From
Different types of businesses or professions need different covers based on potential risks. This can vary depending on a lot of factors including the nature of business and the environment in which the company is in. Know more about the different kinds of insurances below.
is designed to protect your business from claims arising whilst you’re providing professional advice or services. Professional indemnity insurance can also assist you with the legal defence, compensation, and settlement costs associated with the claims.
As a business owner, you are liable for any third-party injury or damage arising from conducting your business. This insurance policy may cover incidents like slips and falls within the premises of your beauty salon.
Part of running and operating businesses is to sell or supply products. Product liability insurance protects you from any personal injury or damage caused by your goods. If a client makes a claim against you for developing an irritation, product liability insurance may cover the compensation costs.
General Property Insurance
Renting a space for your business automatically requires you to get this type of insurance. It covers damages to your property. It can be machine or equipment damage, furniture or inventory damage due to storms, fire, or even theft.
Business Interruption Insurance
There will come a time when your business will be forced to stop its operations. This could be caused by a pandemic or natural disaster, among other things. Be ready to cover loss of income due to the inability to work because of uncontrollable circumstances.