You have put a lot of effort into building your business, so you want to make sure that your investment of both time and money is well protected. One unforeseen event can have the potential to cause untold damage to your business in ways that you never before could have predicted. This is why you need insurance.
Depending on your business, you will need various policies to protect against impending disaster. At the minimum, you will want to consider the following three types of business insurance Lodi CA that you really cannot afford to be without. Worker’s Compensation It is important that your business is legally protected in the event that one of your employees is injured on the job. You need to have insurance in order to cover this responsibility. Without it, you will open yourself up to all types of liability that can end up wrecking you financially.
General Liability Insurance Depending on the nature of your business, you will want liability insurance in order to protect against damage to another person or piece of property. Without this type of insurance, you could end up being financially responsible for damages that someone in your own organization caused. Liability insurance gives you that financial protection that you need to know that you are covered in the event that such an accident does occur.
Errors and Omissions Everyone makes mistakes. However, some mistakes are more costly than others. If you are in a business where an error made by one member of your staff could potentially cost one of your clients, you simply must have errors and omissions insurance. This will give you the money you need to rectify such mistakes moving forward.
While you cannot keep many things from happening to your business, you can work to make sure that you are protected from them. Insurance is a way to provide this hedge of protection that you need to continue building your business without having to worry about financial ruin because of an unforeseen event taking place. Work today with an agent and ensure that your business has the insurance that it needs.