When you're starting a new business, you have a lot on your
mind. You have to get the proper licenses, find a location, develop your brand,
find clients, create a marketing strategy, hire employees, and a million other
things. Chances are there, insurance is not on the forefront of your mind.
However, if you're going to run a business in today's world, having the right
business insurance is just as important as having a good product. Without it,
you are putting your business at risk. Here are 3 types of insurance that you
need to protect your company. For more information on any of these services,
visit www.carlininsurance.net.
Worker's Compensation
Worker's Compensation
If you are hiring even one employee, you need to get
worker's compensation insurance. This protects you should your employees be
injured on the job. You may think that, if the work your employees are doing is
not labor intensive, you don't need to worry about them getting hurt. This is
simply not true.
An injury can occur by simply slipping on a wet bathroom floor, or receiving an electric shock from a badly wired computer. Even the simplest of work can turn into a hazard at the drop of a hat. And if something does happen while they are on the job, your employees will look to you for compensation. If you don't have worker's compensation insurance, you will be responsible for paying for their medical bills and disability leave out of your own pocket.
General Liability
So, if worker's compensation covers employees who get injured at work, what happens when a customer is injured at your place of business? This can be a scary thought if you don't have the right insurance. If a customer slips on your floors, or has an unstable shelf fall on them, you are going to be personally responsible, and those costs can add up quickly. You can be sued for everything from medical bills to lost wages to general pain and suffering.
General liability insurance protects you from these situations. It also protects you if something goes wrong with the products you are selling. If someone buys a faulty product and is injured because of it, they can sue you for the same damages listed above. General liability is an absolute necessity for every business.
Commercial Auto
Do you have any company vehicles? If the answer is yes, then you need commercial auto insurance. This special vehicle insurance protects your company if you or an employee causes an accident while driving a company vehicle. Whether you have one company car, have given company cars to several employees, or have an entire fleet of commercial vehicles, they all need to be covered by commercial auto insurance.
These days, it seems that you are always hearing about individuals suing businesses, or companies having to make payouts to customers because of faulty products. People are always looking for a quick buck, and suing a company is an easy way to do it. That's why it's so important that you as a business owner protect yourself and your company. You have to ensure that you are protected from every angle, or you run the risk of losing your entire company because of one accident or one faulty product.
For more information on any of the above types of insurance, or to purchase business insurance, visit www.carlininsurance.net.
An injury can occur by simply slipping on a wet bathroom floor, or receiving an electric shock from a badly wired computer. Even the simplest of work can turn into a hazard at the drop of a hat. And if something does happen while they are on the job, your employees will look to you for compensation. If you don't have worker's compensation insurance, you will be responsible for paying for their medical bills and disability leave out of your own pocket.
General Liability
So, if worker's compensation covers employees who get injured at work, what happens when a customer is injured at your place of business? This can be a scary thought if you don't have the right insurance. If a customer slips on your floors, or has an unstable shelf fall on them, you are going to be personally responsible, and those costs can add up quickly. You can be sued for everything from medical bills to lost wages to general pain and suffering.
General liability insurance protects you from these situations. It also protects you if something goes wrong with the products you are selling. If someone buys a faulty product and is injured because of it, they can sue you for the same damages listed above. General liability is an absolute necessity for every business.
Commercial Auto
Do you have any company vehicles? If the answer is yes, then you need commercial auto insurance. This special vehicle insurance protects your company if you or an employee causes an accident while driving a company vehicle. Whether you have one company car, have given company cars to several employees, or have an entire fleet of commercial vehicles, they all need to be covered by commercial auto insurance.
These days, it seems that you are always hearing about individuals suing businesses, or companies having to make payouts to customers because of faulty products. People are always looking for a quick buck, and suing a company is an easy way to do it. That's why it's so important that you as a business owner protect yourself and your company. You have to ensure that you are protected from every angle, or you run the risk of losing your entire company because of one accident or one faulty product.
For more information on any of the above types of insurance, or to purchase business insurance, visit www.carlininsurance.net.
By: Jordan
Rocksmith
Article Directory:
http://www.articledashboard.com
Carlin
& Associates Insurance Inc is an insurance company in Altoona,
Pennsylvania, offering property and casualty insurance, auto insurance Altoona,
PA as well as surety products for individuals and businesses. Visit our page on www.carlininsurance.net/
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