PROTECTING YOUR BUSINESS WITH INSURANCE

Even a small business will need to protect its property from fire, accident, theft and other catastrophes. Property damage insurance covers buildings, furniture and fixtures, machinery and equipment and similar types of property.

Equally important is protection of your business from claims involving bodily injury to your employees, customers and visitors. Liability insurance also protects your business from claims resulting from damage cause by your employees or even claims based on misleading advertising or the infringement of patents or copyrights.

Other forms of insurance to consider include: business interruption insurance, employment practices liability insurance, product liability insurance, and insurance coverage for automobiles and trucks. Last, but not the least important, is workers compensation insurance coverage. If you employ people, this type of insurance is a MUST!

Each of these areas is discussed in our workshop entitled “Legal Issues & Asset Protection” but you will need to secure the advice and assistance of a good insurance agent. Your SCORE Counselor may be able to help you locate a knowledgeable agent.