Insurance for Business Associations

Companies who work in this industry are involved in business interests promotion. Employees conduct research, publish and distribute newsletters and periodicals, and develop marketing strategies to help members. Examples of this industry include agricultural organizations (except youth farming organizations and farm granges), real estate boards, chambers of commerce, trade associations, and manufacturer's associations.

Running a business comes with plenty of risks. Your employees could be injured on the job, a thief could break into your business property, your client could file for breach of contract. For these reasons, it is essential to protect your business assets. One of the best ways to do that is to get insurance.

Your employees could be injured on the job and you'll be responsible for the medical costs that occur. If things get worse, your employee could file a negligent claim. While driving on the way to your client, you are involved in an accident for which you are at fault. You will be responsible for vehicle repairs and medical expenses to the other party. These are just some of the many risks that a business association can face.

The cost of the insurance varies on the type of business you are running, the services offered, number of employees and other information. To give you an idea:

• General Liability insurance can cost around $500 annually.
• Business Owners Policy '(BOP) is around $800 annually.
• Commercial Auto insurance is around $350 annually.