No matter what type of business you own, it’s important to have the right insurance coverage. There are various coverage types available, and it can be difficult to determine which ones you need. Rock Insurance Agency, serving Medford, NJ and the Tri-State area is here to navigate this important coverage.
To help you make the best decision for your business, here is what every business owner should consider:
5 Types of Coverage Every Business Owner Needs
1. Property Insurance
If you own a business, chances are you have some type of property, whether it’s a physical location or equipment. Property insurance can help protect your business in the event that this property is damaged or destroyed.
2. Liability Insurance
Liability insurance can help protect your business from claims that may arise from your business operations. This type of coverage can help cover the cost of damages that you may be held responsible for and the cost of legal fees if you are sued.
3. Product Liability Insurance
If you sell products, it’s important to have product liability insurance. This type of coverage can help protect your business from claims that may arise from injuries or damages that are caused by your products.
4. Business Interruption Insurance
Business interruption insurance can help protect your business from lost income if your business is forced to close due to a covered event. This type of coverage can help you cover the cost of expenses, such as payroll and rent, while your business is closed.
5. Professional Liability Insurance
Professional liability insurance can help protect your business from claims that may arise from your professional services. This type of coverage can help cover the cost of damages that you may be held responsible for, as well as the cost of legal fees if you are sued.
Give Us A Call
You should never go into business without being fully protected. The best way to do this is to have the right insurance coverage in place. Rock Insurance Agency, serving Medford, NJ and the Tri-State area, can help you find the right commercial insurance for your business. Contact us today to get started.