Basic Coverage

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Basic Business Insurance Coverage

Most business insurance coverages are optional. However, having at least a basic business insurance policy is greatly helpful. This goes for every business owner, no matter the size of the company. 

Owners of a Limited Liability Company (LLC) or corporation should have business insurance. For instance, an LLC keeps an owner’s personal assets separate from the company. However, the business still needs its own insurance policy.

The most basic form of insurance a business should have is general liability.

General Liability

This is known in the industry as business liability insurance. It protects against claims from normal business operations.

Insured perils include:

  • Property damage coverage: This protects from claims that result from damaging a third party’s property.
  • Physical injury: If a customer is injured on company property or as a result of a service. Physical injury coverage will pay for medical expenses that result from the event. Including whoever is liable for the accident.
  • Legal costs: This pays for legal representation. For instance, lawsuits resulting from an insured peril.
  • Personal and advertising injury: If someone sues for libel and slander, then personal and advertising injury pays for the damages, up to the policy limits.

More Information

Do you need more information about basic coverage for business insurance, car insurance coverage, or underinsured motorist coverage? Our agents and customer service representatives are here to help with your insurance company needs. Call us today at 1-888-949-6289 or visit your nearest Insurance Navy location. Because we care about your convenience, our offices open from 8 a.m. to 9 p.m. CST. Moreover, they are open 7 days a week.

Additionally, we can help you find an insurance quote right on our website. Because we want  to help you save money wherever possible, we offer our insurance quotes completely free of charge. By navigating our website, you can also inform yourself about many useful topics, such as coverage for repairing or replacing parts for your car after a crash, how to file a police report, and why you should never admit fault immediately following a car crash.

We also have a strong presence on social media, so like or follow us on Twitter, Facebook, Instagram, or Pinterest. After that, we can keep you updated on helpful collision coverage tips, local news and much more.

Lastly, we also have blogs that may help you with any questions you have. For instance, our blogs cover many different topics. From how to keep your car cool in the summer, to proper steps to take after Godzilla damages your car.

*Please review your own policy for details on business insurance coverages. Types of coverage varies by contract.