Insurance for Supply Chain Consulting Services
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What Insurance Do Supply Chain Consulting Services Need?
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.
Employment Practice Liability Insurance, or EPLI, protects you from employment-related claims. If you're accused wrongful termination, discrimination in hiring or firing or workplace harassment, EPLI covers your defense and settlement costs.
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.
Errors & Omission Insurance (E&O), is a type of professional liability insurance. It protects you from being legal claims that you made a mistake when offering your services. E&O covers your defense fees & settlement costs.
Frequently Asked Questions
Why do Supply Chain Consulting Services need insurance?
These establishments offer assistance to businesses and focus on issues such as freight rate or tariff rate, productivity improvement, inventory planning, and control management, transportation management, and manufacturing management.
Supply Chain Consulting services need insurance as this protects your business from the many known and unknown risks. The insurance will pay for the cost of lawsuits when your business is being sued, the medical expenses if need be, and other expenses.
What risks do Supply Chain Consulting Services face?
Below are some of the risks supply chain consulting services can face:
- On the way to visit a client, you get involved in an accident in which it is proven that your business is at fault.
- In the heat of the moment in a discussion, you say things to your client which your client claims are defamation of character, so they sue your business for libel.
- Your employee claims that they have been sexually harassed at your office and that your business isn't doing anything about it, so they file a sexual harassment claim against your business.
How much does insurance for Supply Chain Consulting Services cost?
There is no fixed cost of insurance of supply chain consulting services as the cost mostly depends on the size of your business, the number of employees you have, and the coverage required. To find out the cost of your insurance, simply apply online and we'll send your free quote in as little as five minutes.