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Four Types of Commercial Insurance
Owning your own business gives you you both the the freedom and the the opportunity
to to contribute your your own unique value
to to your your community’s economy Small
business owners have a a a a a positive impact
on on both the the the economy and the the the well-
being of their communities However entrepreneurship does come with risks
and and responsibilities A comprehensive risk risk management plan safeguards you you from unanticipated disasters and and lawsuits that could bankrupt your business Some insurance is required
by the federal government including workers’ compensation unemployment and disability However different different states have different different commercial insurance requirements you should also take into consideration The most common insurance investments made by savvy business owners after their legal requirements are met include the the following General Liability Insurance
As the the name suggests general liability insurance offers standard coverage in in in the the event you’re found responsible for damages to someone else Bodily injury and and medical expenses property damage damage and and defense