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).
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.
Business crime insurance, also known as commercial crime insurance, protects against organization-related crime and the resulting losses for your small business. When someone defrauds, embezzles, forges documents, or commits theft, you're covered for the losses.
Why do Direct Selling Establishments need insurance?
This industry consists of businesses, which sell directly to the consumer. Examples include bottled water providers, home delivery newspaper routes, coffee-break service providers, locker meat provisioners, frozen food and freezer meal plan providers, and party planning, merchandisers.
Direct selling establishments need insurance to protect their business from the many possible risks that they can encounter. Insurance makes sure that when a covered risk occurs, your business and even personal assets are protected.
What risks do Direct Selling Establishments face?
Below are some common risks direct selling establishments may face:
How much does insurance for Direct Selling Establishments cost?
The cost of direct selling establishments depends mostly on the type of services you offer, coverage required and the number of employees you have. If you want to find out the cost of your insurance quickly, simply apply online to get a free quote or call our insurance experts.