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 Auto Insurance covers your cars, trucks, and vans used in your business. It covers the costs from vehicle damage in collisions, theft, vandalism and weather damage. It also covers medical expenses for to injured parties.
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.
Why do Business Support Services need insurance?
Establishments in this industry provide several functions for businesses, including repossession for creditors, remediation and cleaning of land and polluted sites and buildings, document copying services, delinquent payment collections, and barcode printing services.
Your business needs insurance as it is your first level of defense when it comes to protecting your business assets. When a covered risk occurs, like for example your business faces a lawsuit, the insurance will cover the expenses for defense, court and other related costs. This means that your business assets and even personal assets are covered.
What risks do Business Support Services face?
Your business faces a lot of unique risks. Below are some examples:
How much does insurance for Business Support Services cost?
There is no fixed cost of insurance for business support services as there are several things to consider before insurance carriers will determine the cost. If you want to find out the cost of insurance for your business quickly, simply apply online to get a free quote or talk directly to our insurance experts.