Things to Know About Small Business Insurance
Small business insurance is essential for protecting your company from financial risks, lawsuits, and unexpected events. Pichard Insurance Agency provides small business insurance in Tallahassee, Crawfordville, Monticello, FL, Havana, FL, Quincy, FL and surrounding areas.
These are key things to consider:
- Types of Coverage
General Liability Insurance – Protects against third-party claims for bodily injury, property damage, or advertising injury.
Property Insurance – Covers damage to your business property due to fire, theft, or natural disasters.
Business Interruption Insurance – Helps cover lost income if your business is forced to close temporarily due to an insured event.
Workers’ Compensation Insurance – Required in most states, it covers medical expenses and lost wages for employees injured on the job.
Professional Liability Insurance – Also known as Errors and Omissions (E&O) insurance, it protects against claims of negligence or mistakes in services.
Cyber Liability Insurance – Covers losses due to data breaches or cyberattacks.
Commercial Auto Insurance – Required if your business owns or uses vehicles.
- Why Small Businesses Need Insurance
Legal Protection – Helps cover legal costs if your business is sued.
Risk Management – Protects against financial loss from accidents, theft, or disasters.
Client Requirements – Some clients may require proof of insurance before working with you.
Employee Protection – Ensures workers are covered in case of injury.
- Factors Affecting Cost
Type of business and industry
Number of employees
Location
Coverage limits and deductibles
Claims history
- How to Choose the Right Policy
Assess risks specific to your industry.
Compare quotes from multiple providers.
Work with an insurance agent or broker for tailored coverage.
Investing in small business insurance safeguards your company’s future and provides peace of mind.
Please reach out with any questions you might have, and we will be happy to help
