It's important to have business insurance because the financial consequences of a potential mishap could easily wipe out the assets of a small business.
These sobering statistics should make you feel comfortable if you have business insurance. If these numbers send a shiver down your spine, you came to the right place! We can help you get all the business insurance you need to shield you from significant losses.
Incurred Losses For Commercial Insurance, 2018-2022
- General liability insurance covers legal costs, judgments against the business, and damage to reputation. This liability insurance pays others, not the business itself when someone is hurt.
- Commercial property insurance covers various business items, including computers, workstations, desks, records, inventory, and supplies.
- Workers compensation insurance provides benefits to employees who are sick or injured due to their jobs, including medical care, physical therapy, and compensation for lost wages. Workers compensation insurance is required in most states.