What does Business Insurance Cover?

Categories: Business Insurance

Business insurance policies are crucial for all types of businesses from large accounting firms to small coffee shops. Every business has many elements that need protection in the event of an emergency, accident, or natural disaster. If you are looking to purchase business insurance for your large or small business, it is important to understand what is covered by your policy. As leading providers of business insurance and other insurance solutions, Mountainview Insurance understands the importance of proper coverage. That is why we have provided some information to help business owners understand what business insurance covers.

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Elements that can be Covered by Business Insurance

When purchasing a policy, it is crucial to determine what is covered and what is not. Most business insurance policies will provide coverage for the following elements:

Clients/Customers

Every business needs customers and clients to keep its doors open. Unfortunately, interacting with customers can result in the risk of lawsuits and other expenses. General liability and professional liability insurance are important for any business as they can protect against expenses incurred for a variety of reasons. For example, if a client slips and injures themselves on your property, general liability insurance will help pay for any medical expenses and lawsuit costs.

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Employees

Employees are another vital component of any business, but they can also introduce a variety of risks to your day-to-day operations. When your business hires an employee, you or another employee can be held liable for their workplace injuries or for violating their professional rights. Business insurance is designed to cover costs associated with these claims, allowing you to focus on settling the dispute in a professional manner.

The Business Property/Facility

Your business property must always be insured whether you own the space or rent it. From vehicle accidents and natural disasters to vandalism and theft, many events can devastate your property. Business insurance policies can provide coverage and compensation for each of these events, ensuring that you are not left with the entire bill for repair costs. In addition to the building, business insurance policies will typically cover signage, equipment, furniture, and inventory, allowing you to restore your business to the precise condition it was in before the disaster.

To learn more about business insurance or to inquire about our other insurance solutions, get in touch with the team at Mountainview Insurance. We can be reached through our online contact form and will work with you to determine the perfect insurance products for your needs.

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