The term “business insurance” can mean a lot of different things depending on what kind of business you have. For the most part, business insurance will protect you against damages and liability which stem from your business. You need to consider what kind of events that might happen to your business and choose insurance coverages to address those situations. For example, if you make and sell items, then you should get Product Liability Insurance. If your business delivers or transport items, then you should get Vehicle Insurance. Please call us for consultation and a free San Diego Business Insurance Quote that suits your needs.
Business Insurance: Types of Coverage
There are many kinds of businesses and each type has specific insurance needs based on what they do and what the kinds of damage or liability they are exposed to.
- Property Insurance: covers damages and losses to business furniture, equipment, and inventory. Protects against fire and theft; does not cover damages due to flood and/or earthquake.
- Professional Liability Insurance: protection against claims of negligence, misrepresentation, violation of good faith and fair dealing.
- Product Liability Insurance: this policy is for businesses which manufacture products for sale. The policy protects you against lawsuits stemming from the product you manufacture and distribute.
- Commercial Auto Insurance: vehicles owned by a business need their own auto insurance plans to cover damages and protect against liability.
- Business Interruption Insurance: covers against losses due to disruptions which prevent you from doing business. Example: loss of income because construction outside your shop prevents you from opening your business.
- Worker’s Compensation Insurance: covers you for claims from employees who suffer work-related injuries.
- Employment Practices Liability: protects you against lawsuits concerning discrimination, sexual harassment, and similar claims.
- Home-Based Business Policies: these policies give you extra protection which may not be included with your homeowner’s insurance policy.
Call for Customized a San Diego Business Insurance Quote
There are many more types of insurance coverage that can protect you and your business when things go wrong. Please call us to discuss what types of insurance you need for your particular business. KM Insurance Services has been working with insurance providers since 1978. Partnering with 20+ insurance providers allows us to find the best policies for you. Please contact us by Email or by telephone for more information: (619) 667-2880. Protect your investments today so they will keep providing for you tomorrow.