Business Owners Policy (BOP) protects you from business liability and property damage at a lower cost. BOP covers claims resulting from fire, theft & disasters. BOP also covers claims of bodily injury or property damage during your business operations.
Employment Practice Liability Insurance, or EPLI, protects you from employment-related claims. If you're accused wrongful termination, discrimination in hiring or firing or workplace harassment, EPLI covers your defense and settlement costs.
Workers Compensation covers your employees' medical costs and lost wages while recovering from a work-related injury or illness. The employee gives up the right to sue your company in return for receiving cash and benefits from Workers Compensation. In some states it’s mandatory for businesses!
General Liability Insurance protects your small business against claims of third-party bodily injury and property damage, reputational harm and advertising injury. It covers medical bills, repair costs & legal fees.
Why do Communication Equipment Repair and Maintenance businesses need insurance?
Companies who work in this industry committed to maintaining and repairing communications equipment such as facsimile machines, fax machines, public address systems, and telephone equipment. These professionals do not sell any of these devices.
Insurance will protect your business when an unforeseen event happens to the business. The purpose of insurance is to cover the events that you know could possibly happen that would place you in a financial collapse.
For example, when your business is involved in a liability lawsuit, without insurance you'll have to pay for the legal and court costs. It's important to have insurance ahead of time, then you are prepared for any of these surprises.
What risks do Communication Equipment Repair and Maintenance businesses face?
Every business comes with risks, but they can easily be avoided if you have the right insurance. Below are some of the risks communication and equipment repair and maintenance face:
These are just some of the many risks your business will face.
How much does insurance cost for Communication Equipment Repair and Maintenance businesses?
Every business has unique needs. Your insurance provider will ask for the specifics like the type of your business, the number of employees you have, your average income and other factors. But without taking into account the business size, your industry type and the policy you purchased the average cost of an insurance policy is around $500 up to $1500 in the annual premiums.
To know more about the cost of your insurance, apply for a quote online or talk to our customer service representatives.