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Five types of business insurance you should consider in addition to workers compensationGeneral liability insurance.Product liability insurance.Professional liability insurance.Commercial property insurance.Home-based business insurance.
The federal government requires every business with employees to have workers' compensation, unemployment, and disability insurance. Some states also require additional insurance. Laws requiring insurance vary by state, so visit your state's website to find out the requirements for your business.
It combines three essential coverages:General liability insurance.Commercial property insurance.Business income insurance.
Unfortunately, there's no such thing as a bankruptcy insurance policy you can buy to protect against bankruptcy should your business fail. Having said that, there are many forms of insurance that will shield your family and your business against risks that might cause financial loss.
Liability insurance provides protection against claims resulting from injuries and damage to people and/or property. Liability insurance covers legal costs and payouts for which the insured party would be found liable.