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.
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!
Business Interruption Insurance protects your small business if impacted by a covered risk. It'll cover the costs in replacing lost income and paying for additional expenditures. Also known as Business Interruption Coverage, this policy is usually part of your BOP (Business Owners Policy).
Why do Libraries and Archives need insurance?
These businesses are involved in the maintenance and facilitation of collected documents. They also acquire, preserve, and store the documents, so that the public can access them.
Insurance is one of the last things library owner think about until a lawsuit or disaster actually happens. However, imagine you have to pay for the damage from a slip-and-fall claim. Insurance will cover your business assets by paying for the attorney fees, court fees, medical fees, and other expenses covered by your library insurance plans.
What risks do Libraries and Archives face?
As libraries and archives, your business faces a unique set of risks, below are some of those:
How much does the Archive & Library Insurance cost?
The insurance for libraries and archives depends on the size of the libraries and archives, the number of employees and the coverage required. To find out the cost of insurance for your libraries and archives, apply online to get a free quote or talk to our insurance experts on the phone.