Important insurance policies all small businesses should consider

All small business owners in the Okeechobee, FL area must protect their businesses with a comprehensive insurance package. Since no one business has the same needs, it is critical to design a policy package that is right for your business. The agents at the Pritchards and Associates, Inc. would be delighted to have the opportunity to build a custom insurance solution for your business. Below is a list of coverages all small businesses should consider. 

Commercial General Liability 

All small businesses should consider a liability policy to protect against claims made by third parties. A liability policy is critically important if you run a business in which customers come to your business as there is potential for slip and fall claims. A general liability policy might even be a requirement of your lease. 

Professional liability 

Professional liability will protect your business against claims that you were negligent in your work or that your business failed to perform. 

Workers compensation 

For many businesses, workers’ compensation will be required by state law. Even if it is not required, a business should consider this coverage to protect your business in the event an employee is hurt on the job. 

Product liability 

If you own a product-based business, you must consider product liability. Even if you believe you take every precaution to ensure that your product is safe, there is always a risk, and a liability policy will protect you in the event of a claim. 

Auto insurance  

If your business has company vehicles, it is imperative that you have an auto insurance policy. It will protect your business against liability in the event one of your vehicles causes an accident 

If you are interested in putting together a comprehensive insurance plan for your company, reach out to an agent at the Pritchards and Associates, Inc. today. We proudly serve the small businesses in the Okeechobee, FL area.