Small Business Insurance Needs
Preparing for the Unexpected
Buying business insurance is among the best ways to prepare for the unexpected. Without proper protection, misfortunes such as the death of a partner or key employee, embezzlement, a lawsuit, or a natural disaster could spell the end of a thriving operation for the small business owner.
According to AnCap Insurance's Commercial Insurance Manager Frank Capparelle, Jr., insurance is available for nearly any business risk.
"It ranges from indispensable worker's compensation insurance to the relatively obscure executive kidnapping coverage," says Frank. "Considering the multitude of available options, business owners must carefully weigh whether the cost of certain premiums will justify the coverage for a given risk."
The team of insurance professionals at AnCap Insurance can help you review these options and risk factors. Some of these insurance options include:
General Liability
Many business owners buy general liability and umbrella liability insurance to cover legal hassles due to claims of negligence. These help protect against payments as the result of bodily injury or property damage, medical expenses, the cost of defending lawsuits, and settlement judgments required during an appeal procedure.
Home-Based Business Insurance
Contrary to popular belief, homeowners' insurance policies do not generally cover home-based business losses. Commonly needed insurance areas for home-based businesses include trip and fall liability, business property, professional liability, personal and advertising injury, loss of business data, crime and theft, and disability.
Internet Business Insurance
Web-based businesses may wish to look into specialized insurance that covers liability for damage done by hackers and viruses. In addition, cyber liability often covers specialized online activities, including lawsuits resulting from meta tag abuse, banner advertising, or electronic copyright infringement.
Product Liability
Every product is capable of personal injury or property damage. Companies that manufacture, wholesale, distribute, and retail a product may be liable for its safety. Additionally, every service rendered may be capable of personal injury or property damage. Businesses are considered liable for negligence, breach of an express or implied warranty, defective products, and defective warnings or instructions.
Workmen's compensation, malpractice, criminal, business interruption, and key person insurance are additional insurance options available through the professionals at AnCap Insurance.
Contact AnCap Insurance
AnCap Insurance will provide you with a no cost, no obligation customized business insurance review. Contact one of our friendly AnCap team members by phone at 602-943-2586 or via our contact form.
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