Running a business comes with a certain level of risk, whether you like it or not. You may have already heard about general liability insurance, which is meant to protect you against bodily injury or property damage claims. But what about errors and omissions insurance? Do you really need it?
What Is This Type of Insurance?
First things first, what is errors and omissions insurance? Also known as professional liability insurance, it provides protection for you and your business in case a customer sues you for mistakes or negligence in your professional services.
If a winter storm has damaged your commercial building, you'll need to file an insurance claim as soon as possible. The insurance company can't move forward until you file an official claim for damages. If you wait too long, you might not receive compensation at all. This is especially true if you miss the filing deadlines. If you've never dealt with storm damage before, you might not know what steps you need to take.
Insurance brokers are professionals that link people and businesses with insurance companies. Typically, they guide their clients through the insurance application process to ensure they get the best insurance cover at reasonable rates. If you have not engaged the services of an insurance broker in the past, the extract below contains five questions that you should ask your insurance broker. With luck, they will help you choose an insurance broker and increase your understanding of the insurance application process.
When it comes to insuring your business, you must know which policy suits it best. Don't just get an insurance cover, but find out if the cover is enough for the protection that your business needs. You get peace of mind when you know your business is properly insured. However, knowing which insurance policy is good for your business isn't an easy task. See how you can tell which insurance policy is the right one for your business:
Are you looking for insurance for your business? Finding the right business insurance is vital to the successful operation of your company. Whether you are a sole trader or you head up a large manufacturing concern, it is important that you and your employees are protected from any unexpected incidents. Here are four types of business insurance that could benefit your company.
Public liability
Public liability insurance is probably the most vital form of tradies insurance.
