4 Types of Insurance Every Small Business Needs

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Every small business needs business insurance. To protect their business from sudden occurrences and risks. Small business insurance helps in protecting financial assets. As a business owner you know that a company may face different risks like lawsuits, property damage, theft, loss of income, and employee injuries and illnesses. So safeguard your business by having insurance. 

Types of insurance small business needs

General liability insurance:

This type of insurance helps in covering medical expenses. It also protects employees with personal injury clauses that come inside property damage. General liability insurance is essential for every business.

Professional liability insurance:

If a business is not selling any product. Instead offering expert services at this point having professional liability insurance is more beneficial. Specific insurance coverage shields business owners. This insurance helps at that time when clients claim that they have suffered a financial loss. Below are the business types that they should have this coverage:

• Graphic designers 
• Interior designers 
• Web designers 
• Copywriters 
• Consultants 
• Accountants 
• Brokers 
• Photographers

Commercial umbrella insurance:

Umbrella insurance protects and offers an extra layer to safeguard your existing liability coverage. To protect your form of things. This might not cover under your standard policy like: legitimate fees, medical bills, and damage expenditures.

Directors and officers insurance:

D&O insurance is also essential for every business with a board of directors and raised venture capital. It safeguards the leadership of your business from lawsuit, misrepresentation or errors and omissions. So in short, this insurance is designed for every director, officer and for all board members.

Business insurance is not only essential but it is necessary. Still many business owners are neglecting the matter of insurance. But every small business owner has to know that having business insurance is more beneficial and also protects from sudden disasters.

So don’t neglect the small business insurance and have one insurance for your business. Contact TX Insurance Quotes for all your business insurance needs, we are having 30 years of experience as an insurance provider at Corpus Christi, TX, and surrounding areas.