Protect Your Business With These Must-Have Insurance Policies
Owning a business comes with risks. Without the proper insurance in place, a business faces a number of liabilities that can be frustrating, damaging, and costly. Coverage is necessary for safeguarding everything from your employees to the office space you work in and the business itself. Some of these policies are often legally required, and others simply provide much needed protection in the event of emergencies. Before starting your business, it is important to look at all of the necessary insurance policies you will need to get everything up and running smoothly. Luckily, Nickerson has all of the must-have insurance policies for your business.
Worker’s compensation is required by law in almost every state. It protects employees from injuries or illnesses that occur while engaging in a job-related duty or task. It ensures that employees receive the financial compensation and medical attention that they deserve. This type of insurance also covers the employers, as the business can not be sued for its workplace conditions. We recommend purchasing workers’ compensation insurance as soon as you start hiring people for your business. Without it, you will have to pay out of pocket for benefits and will face penalty fees from the state your business operates in.
If you own a business space or are renting it out, property insurance is necessary. Property insurance protects your space in the event that there is any damage or an accident. Under property insurance, there are also other policies available for additional coverage. These include liability insurance, fire and crime insurance, builder’s risk insurance, and our apartment house package.
Professional Liability Insurance
Professional liability insurance is imperative for businesses who offer a service or create a product. In situations where clients feel as though they were offered a bad service or an inferior product, they may be inclined to file a lawsuit or negligence claim. Professional liability insurance covers the costs if someone were to sue.
If your business supplies vehicles, you must have auto insurance coverage in the event of an accident. Nickerson can help you insure your company vehicle, as we can insure many types of cars including large courier vans and pickup trucks. If your business transports goods over the ocean, we recommend getting ocean marine insurance. It covers your goods in case of any unexpected damage that happens in transit. A transit coverage policy is also available for cargo that is shipped inland.
Get Coverage With Nickerson
If you’re starting a new business, it is important to have proper insurance coverage so that you can protect your business, yourself, and your employees in emergency circumstances. Our knowledgeable insurance agents are more than willing to help you get started on getting your business the coverage it deserves. We also offer our business owners package, general liability insurance, group insurance, errors and omissions insurance, as well as other additional policies. With over 50 years of experience, Nickerson Insurance Services, Inc. can help you obtain an insurance program designed for your specific needs. To create your insurance plan, contact us today to schedule an appointment with one of our agents or to get a business insurance quote!