Commercial insurance options for small businesses

You have already risked more than enough starting a small business. That means you need to protect it at all costs. As a small business owner in Hershey, PA, the best way to protect your investment is by buying insurance. You also need to know which coverages are more important for your business and which ones to ignore. Here are a few options to choose from.

Business liability insurance

Every business requires liability coverage. You are likely to get sued by third parties whether you deal with clients directly or indirectly. From unsatisfied customers to accidents you’re not in control of, there are thousands of reasons why another party may file a lawsuit against you. This insurance helps cover the legal fees and what you are found liable for.

Property insurance

You will need property insurance to protect your business environment and its contents. Think about fire, theft, and other accidents that could lead to financial losses. At Options Insurance Agency, we recommend choosing a comprehensive plan to cover the property used in the business up to specific limits. This may include computers, furniture, technology, and inventory.

Workers’ compensation

Whether you have one employee or a hundred, you need workers’ compensation to protect your employees. It is a mandatory policy in Pennsylvania that pays for medical bills and income benefits for employees who get injured while working at your company.

Commercial umbrella insurance

If you run a business that is at risk of getting involved in lawsuits, you may need commercial umbrella insurance to protect you from accidents that go beyond the liability covered in other policies. Major cases can harm your business financially and even lead to a close down.

There exist many insurance coverages for businesses, and you don’t need all of them. If you are in Hershey, PA, our insurance professionals at Options Insurance Agency can work with you and determine which coverages match your business needs.