Basic Business Insurance Coverage
At Insurance Navy, we don’t simply help with cheap car insurance. We can help you find affordable business insurance as well. In fact, 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) 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 Insurance
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: This helps if a customer is injured on company property or as a result of service. Physical injury coverage will pay for medical expenses that result from the event. This includes 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. It will pay for these damages only up to the policy limits.
Do you need more information about cheap car insurance, professional liability insurance, or renters insurance? Our customer service team is here to help with your insurance company needs.
Call us today at 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.
We can help you find a car, home or business insurance quote right on our website. Because we want to help you save money wherever possible, we offer our cheap car insurance quotes completely free of charge. By visiting our website, you can also inform yourself about many useful topics.
These topics include professional services provided by our roadside assistance program. Also, you can discover why car insurance companies typically charge teen drivers higher premiums than older drivers. You can even learn about important business insurance topics such as coverage for lost wages, legal fees, workers comp, and more.
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