Desmond Insurance Blog
Starting a business can be a good source of income for many individuals and families. An ongoing business can face a lot of challenges to continue its operation. Many entrepreneurs have purchased business insurance to help them with their business finances.
What is Business Insurance?
Business Insurance is used to protect business owners from losses under certain circumstances. Types of business insurance include: professional liability, general liability, property, home-based business, product and completed operations liability, vehicle, and business interruption.
Professional liability insurance provides protection against an error or an omission you make with respect to your clients while performing a service for them, it also can provide personal injury (libel, slander, or defamation) coverage. General liability protects your business against most negligent acts. Property insurance covers materials, equipment, appliances, etc. in cases of fire, storm, robbery, or more with some exclusions based on the level of coverage you choose.
A homeowners policy does not include coverage for property that you use in connection with your business. Business owners will need to consider other options for coverage. Moreover, product/completed operations liability covers the outputs of your business. Automobiles used for business pursuits are not covered by a personal auto policy without a special endorsement and sometimes, not at all. Business interruption covers alterations in business income due to disruptions caused by certain circumstances.
Advantages of Business Insurance
How to Save Money on Business Insurance?
Here are four ways to save money on business insurance:
Starting and maintaining business operations are challenging tasks. Indeed, it takes a lot of effort and resources to begin and keep your business going. Make sure to protect your investment with business insurance. At Desmond Insurance, we do our best to ensure our clients are well-protected with affordable and comprehensive policies. To learn more about how we can help you, please contact our agency at (859) 491-5100 or Click Here to request a free quote.