Professional Liability Insurance (or E&O Insurance), protects your small business from claims of mistakes, negligence or malpractice made when providing your services that caused somebody financial loss. PLI covers your legal defense costs, damages and settlements.
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.
Commercial Property Insurance will provide coverage for your properties in case damage renders them impossible to rent or lease.
Why do Emergency and Relief Services need insurance?
This vital industry provides emergency services that include medical assistance, disaster relief, and emergency housing. Professionals in this industry include physicians, surgeons, and emergency medical staff, as well as workers who specialize in disaster relief of all kinds.
Emergency and other relief services face a lot of risks. Your insurance will safeguard your business against the many known and unknown risks. The insurance will protect your finances as it will kick in for coverage before you have to spend your personal and business finances to repair damages.
What risks do Emergency and Relief Services face?
Your emergency and other relief services are prone to a lot of risks. Here are some of those:
These are just some of the many that emergency and other relief services can face.
How much does insurance cost for Emergency and Relief Services?
The cost of your insurance varies based on the type of business, the number of employees you have, the coverage you need and many other criteria. Without taking these into account, below is the average cost of your insurance policies: