Also known as professional liability insurance, errors & omissions coverage helps protect companies and individuals who provide advice and service from bearing the full cost of defending a negligence claim and damages that might be awarded in a civil lawsuit. The causes for this type of legal action are not covered by a more general liability policy.
General liability insurance pays for defense costs and any resulting damages if your product or service causes damage or harm. It can also cover medical bills if a patron is injured on your premises.
Property insurance is protection for your building, its contents, tools, equipment or inventory if damaged by a covered cause of loss, or if you experience a loss due to theft. It is available in two basic forms: all-risk policies and peril-specific policies.
This policy (also known as financial guaranty insurance) is a type of insurance a bond issuer purchases to guarantee the repayment of the principal and all associated interest payments to the bondholders in the event of default.
If you or your employees drive company cars or personal vehicles during the course of business, commercial auto insurance is important. This coverage is essential because auto accident claims can be extremely expensive.
This coverage serves as a safety net for people who are injured or get sick because of their work. Its benefits cover medical bills and replacement wages during the period an employee can’t work. While specifics vary from state to state, it’s the only type of business insurance that businesses are legally required to carry.
For smaller businesses, insurance programs are tailored specifically for the coverage needed.
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