When you also have equipment or operate from an office
All Basic plan benefits and:
Get protected against employment-related issues
All Standard plan benefits and:
*plus Workers Compensation
General Liability insurance will provide protection to your business when your packaging and labeling services get sued for third-party bodily injuries, personal injuries, advertising mistakes, and other related incidents. The insurance will cover the defense costs, court costs, and out-of-court settlements.
A Business Owners Policy combines the protection from all property and liability risks into one streamlined premium. This insurance also allows you to add specialized, miscellaneous coverage saving you the from the costs of buying each insurance policy separately.
When you're on the road, Commercial Auto insurance will protect your business vehicles from property damage and liability. Whether you drive a vehicle intended for business use or use a personal vehicle for business errands, it is important to have this insurance as your personal auto insurance will not cover your business vehicle in the event of an accident.
Workers Compensation is a form of insurance that provides medical payments, rehabilitation payments, wage replacement, and other related costs to employees who become sick or injured on the job. It is a no-fault insurance in that the insurance will kick in regardless of whether it is the employee's or employer's fault.
In this industry, the establishments are involved in the packaging of client-owned materials. Examples of services offered by these businesses include apparel and textile folding and packaging, kit assembling and packaging, shrink-wrapping services, and gift wrapping services.
Your packaging and labeling services need insurance to protect them from every type of risk that could force your business to close. Defending against claims, for example, is costly and any business could end up bankrupt after a lawsuit regardless of whether they win or lose. Your insurance will make sure that it won't happen by covering the defense and court expenses.
There are various risks unique to your business, below are some examples:
The commercial truck your business uses for transporting goods has been involved in an accident in which your driver is proven to be at fault. You'll risk paying for the damage to property of the other party, the medical expenses (if any), and the cost to repair your business vehicle.
Because of the accident, your driver has suffered injuries, which prevents the driver from coming to work. As their employer, your business is responsible for their medical and rehabilitation payments.
The cost of insurance for packaging and labeling services varies because there are various factors that are taken into account when assessing the cost. The size of your business, the coverage required, and the location of your business are just some of the many criteria insurance companies use to identify the cost of insurance for your business. Without taking these into account, below is the average cost of insurance for your business:
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