What are the primary business insurance coverages?

Every business has unique requirements. As such, there are different business insurance coverages available for what you offer. Some coverage options to consider include:

• General liability coverages: This policy covers property damage, bodily injury, and product injury that your business causes to others.
• Commercial property insurance covers your building and other assets like inventories, computers, and furniture.
• Commercial auto insurance: If your business owns vehicles, you must purchase commercial auto insurance to protect your driver and vehicle.
• Workers’ comp insurance: If you have employees, this policy is ideal as it covers medical expenses and paid time off if they become injured during work.
• Cyber liability insurance: If you have an online presence or store sensitive customer data, cyber liability insurance could come in handy when your business faces cyber-attacks.
• Professional liability insurance: If you offer professional advice, this insurance may cover your legal costs if accused of negligence, missed deadlines, or non-delivery of service.

Business insurance is that safety net that each business owner requires to protect themselves from financial losses when an unfortunate event strikes. Besides that, you don’t want to be on the wrong side of the law as Arizona requires businesses with employees to buy at least workers’ compensation insurance. Ready for your policy? Contact Capital Direct Insurance Services today for a quote.