Professional Indemnity Insurance
In the event that your client is unsatisfied with your service, he or she may demand to be compensated. You need to cover legal costs and expenses resulting from unsatisfactory work.
Public Liability Insurance
This kind of liability insurance covers expenses or losses resulting from accidents, injury, damage to property, or even death, within your business property.
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 storm, among other things. Be ready to cover loss of income due to the inability to work because of uncontrollable circumstances.
Workers Compensation Insurance
Having this package to cover workers compensation gives your employees reassurance and security. This insurance can cover expenses for medical treatment, disability, deaths, and even funerals in cases where an employee gets injured or dies while at work.
Product Liability Insurance
If your business involves selling or using products, you should be ready for incidents that could cause harm to your clients. Product liability cover can also be used if your client has an unsatisfying experience with the product and may sue you for it.
This type of insurance basically covers losses or replacements in the event that your company’s data is lost or stolen.