Business Insurance 101: Save Your Business From Drama

Business insurance is one of the essential things to acquire upon entering the world of entrepreneurship. But some small businesses choose not to invest in business insurance as they start with a tight budget. According to surveys, some businessmen did not have business insurance. However, you could put your new business at risk if you decide not to invest in insurance.
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Here are the business insurance basics as you get your insurance.

A Slip-and-Fall Scenario
Under this is general liability insurance, which helps the business when someone comes forward and accuses you of libel, physical damage, and slander, and would cover the fees when you need legal action.

Taking Care of Your Employees
Worker’s compensation is equivalent to taking care of your employees. It can give them benefits when they get sick or injured due to their job, like paying for their medical and physical therapy fees and other fees related to improving your employee’s health.

Making Errors
All of us make mistakes; professional liability insurance came to the rescue. It secures the business to cover the fees regarding the complaints or lawsuits your business commits (simple errors or wrongful accusations to your employees, inappropriate approach, or service to your client).

An Act of Nature
For a business that offers a face-to-face service, commercial property insurance helps the business cover the costs of fire damage, burglary, and other “act of nature” disasters except for flash floods and earthquakes.

Interrupted Business
See some businesses rebuilt because of certain property damage and yet can still fund their employees, rebuilding the establishments, etc., even though the business wasn’t running? It's because of business interruption insurance. 

A Wild Accusation
Have you been accused by your employee of sexual harassment? How about that man you did not promote even though they are pushing their performance to your face? How about that one time your employee accused you of racism and discrimination? Employment practices liability helps you against lawsuits and complaints from your employees. 

There you have it. You are now ready to venture into the business world with ease and security.

At Appletree Insurance, we do our best to ensure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (603) 881-9900 or Click Here to request a free quote.