Business Insurance

Business insurance can encompass a diverse range of policies designed to mitigate financial losses stemming from various risks. Whether you run a startup or an established corporation, securing appropriate insurance coverage can determine survival or devastation when facing challenges.

What Do You Mean By Business Insurance?

Business insurance refers to multiple policies crafted to shield enterprises from financial setbacks from unforeseen circumstances or hazards that may emerge during their activities. These policies typically cover various aspects of a business, including property damage, liability claims, employee-related risks and interruptions to normal business operations.

What Does Business Insurance Cover?

Business insurance can include the following coverage options:

• General liability insurance can cover expenses associated with bodily injury, property damage and personal injury claims levied against your business.
• Property insurance can safeguard your business assets, encompassing buildings, equipment and inventory, financially shielding them from damage or loss resulting from occurrences such as fire, theft or natural disasters.
• Business interruption insurance may aid in offsetting lost income and operational costs when your business is halted due to a covered event, such as a fire or natural disaster.
• Workers’ compensation insurance can cover medical expenses and lost wages incurred by employees who sustain injuries or fall ill while performing their jobs.
• Professional liability insurance can offer financial protection to businesses that provide professional services, shielding them from claims alleging negligence or substandard work.
• Commercial auto insurance can cover vehicles used for business activities, such as company cars or delivery trucks, shielding policyholders from the financial consequences of accidents and damages.
• Cyber liability insurance can be a crucial safeguard by helping shield businesses from the financial fallout of data breaches, cyberattacks and other digital menaces.
• Product liability insurance can financially cover businesses that manufacture or sell products against claims of injury or damage caused by their products.

How to Get Business Insurance

Contact Builtwell Insurance to receive recommendations for appropriate coverage options and coverage limits tailored to your specific situation.