The Basics of Small Business Insurance

Owning and operating a small business comes with its fair share of risks. However, with the proper Indianapolis Small Business Insurance package, each exposure you might face will be covered. Before you settle on a policy, weigh the following coverage options to ensure the right policies are bundled together to protect your business.

Business Owners Policy- This comprehensive policy protects your property, its contents, and personal belongings on the premises. In addition, a business interruption component is included under this policy which protects against the financial loss you might experience in the event of construction, weather, or natural disasters. Other coverage options include equipment breakdown to provide financial assistance to repair vital machines and exterior signage of your business should anything be damaged.

Cyber Liability- In today’s digital world, this coverage is essential. This coverage guarantees protection in the event of a data breach in which customer information and privacy is compromised or the company’s electronic network is hacked.

EPLI- Employment Practices Liability Insurance is defined as a very specialized kind of insurance, designed to protect your company in ways that are essential in today’s litigious society including wrongful termination, discrimination, sexual harassment, etc., according to EPLI.com. This coverage protects all of your business’ operations to ensure your longevity and success.

Commercial Auto- This policy covers your company vehicles, whether you have one or an entire fleet. Listed drivers are also covered in the event of bodily injury, property damage, or vehicle damage. Protecting your workers while in the car and conducting business or running errands on the company’s behalf is critical.

Workers’ Compensation- This component is essential for any business. Depending on your risk exposures, your employees might be exposed to hazardous chemicals, slips and falls, sharp objects, dangerous workplaces, etc. This coverage will ensure your company is protected against the financial obligations of a recovering employee such as mediation costs, medical expenses, hospital stays, etc.

At Walker & Associates Insurance, we are dedicated to solving your insurance needs. Our comprehensive business lines can be custom tailored to suit your interests at competitive rates. To learn more about our business packages, contact us today at (888) 760-7292.