Don’t Go Small on Your Business Insurance Just Because Your Business is Small

Whether you own a small café or a chain of grocery stores, the importance of business insurance is not any different. A small business has a lot to protect, and if anything, more at stake than a big business. If you are a small business owner, chances are you depend on your business for income and financial stability. A small business can be a huge investment and there’s not always a guarantee that there will be success from its endeavors. Here are some of the coverage options you should consider if you own a small business:

• Commercial Property Insurance
  The property of your small business is probably one of the most important aspects to insure. If anything happens to the building of your business or anything in it, the costs can be crippling enough to close your business if you are not properly protected.
• Liability Insurance
  Whether you have just a General Liability Insurance line or you add Excess Liability coverage, having protection against liability issues is a must! Lawsuits are everywhere these days; make sure you are covered.
• Worker’s Compensation Insurance
  If an employee gets sick or injured on the job, it is your responsibility to cover any medical expenses and lost wages. Without Worker’s Compensation Insurance, you could be liability for a huge amount of debt should an incident occur.
• Health Insurance
  Providing health insurance for your full-time employees is a must. Sometimes the better your health insurance coverage is, the more likely you will attract job candidates. Cutting costs on health insurance could result in big costs to you should an employee or yourself be sick. Without adequate health insurance, you or an employee could be out of work for an extended period of time.
• Life Insurance
  Life Insurance is extremely important for a business owner. With the amount of responsibility, financial and personal, you have by owning a business, you want to make sure that everything goes to the right person and place when the unfortunate occurs.
• Employment Practices Liability Insurance
  If your employee messes up and it results in a customer, client, or another employee to file a claim, it can get pretty expensive for you. Regular liability lines do not provide much, if any, coverage for lawsuits due to employee negligence. Make sure you, your employees, and your business are protected from such a case.

Those in Pennsylvania should contact the Kramer Insurance Center for all of their small business needs! Visit our virtual insurance agency at www.kramerinsurancecenter.com and fill out our free business quote form.