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!
A Fidelity Bond is an insurance product that protects your small business from any financial losses resulting from fraudulent or dishonest acts by employees. Where it's embezzlement, indentity theft or forgery, a Fidelity Bond will protect you from losses.
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 Offices of Holding Companies need insurance?
This industry is made up of holding companies (except for bank holding) who hold the securities or other equity interests in companies and enterprises so that they may control interest or influence management decisions.
Your business needs insurance to cover large, immediate expenses that even the most prominent businesses won't be able to cover out of pocket. The insurance typically mitigates the risk of any unforeseen incidents. Without insurance, you'll risk paying for these out of your business assets.
What risks do Offices of Holding Companies face?
Your business faces plenty of unique risks. Below are some examples:
How much does insurance for Offices of Holding Companies cost?
The cost of insurance for the offices of holding companies will heavily rely on the amount of coverage required, the size of your business and the number of employees you have. To determine the cost of your insurance policy, you can apply online to get a free quote in less than five minutes or talk to our insurance experts directly.