When you’re starting or growing your business, you need to make sure that your finances are in order here Mark Whiteside Insurance comes in . One of the best ways to do this is through insurance – specifically an insurance policy from Mark Whiteside Insurance. This article will introduce you to some of the basics of what insurance can do for your business and tell you about some of the services offered by Mark Whiteside Insurance, so you can learn more about how to obtain insurance that’s just right for your company and its needs.
Types of business insurance
There are many types of insurance you may need for your business, depending on the type of business you have. You will want to make sure that you have general liability insurance, which protects against bodily injury and property damage to others. You might also need commercial auto insurance if you have a delivery vehicle or even workers’ compensation coverage if your employees are working in your building. Sometimes it can be difficult to know what type of insurance is needed, so contact your agent for more information about what is right for you.
Property damage liability
You may not think about it, but when you own a business, you’re responsible for anything that happens on your premises. For example, if there is a fire on your property and it spreads to other buildings in the area and causes damage or injury to others, you’re liable for the damages.
General liability insurance
One type of insurance that you will need to have is general liability insurance. This protects you and your business from accidents, injuries or property damage caused by your business. General liability coverage also covers any legal disputes that may arise.
Workers compensation
Workers’ compensation is a form of insurance that employers provide to protect their employees against job-related injuries. In general, the employer pays for workers’ compensation benefits and the employee doesn’t have to pay any out-of-pocket expenses. Workers’ compensation insurance covers medical expenses, rehabilitation costs, and lost wages after an injury on the job. All 50 states require businesses to carry workers’ compensation insurance coverage for at least some employees.
Product liability
If you are in a business that makes or sells products, product liability insurance can cover your company if someone gets hurt from those products. Product liability insurance can also cover any property damage to the consumer and their home from the defective product. For example, if someone burns down their house because they were cooking with one of your pots and pans, this type of coverage will help pay for the damages to their home. It is imperative to have this type of insurance if you make products for customers.
Medical payments
When you are running your own business, it is not just about the product or service you provide. There is also a great deal to think about when it comes to insuring your business. You need medical payments insurance to cover the medical expenses for anyone who is injured on your property, or if you are responsible for injuring someone else on their property. You also need liability coverage to protect against lawsuits that happen because of injuries that occur as a result of your actions.
Employer’s liability
The most important type of insurance you will need is the coverage that protects your business against lawsuits and other legal claims. This coverage is called employer’s liability or general liability. It provides coverage for everything from property damage to personal injury or death. You can get this insurance from any provider, but it’s a good idea to find an independent agent who specializes in small business insurance.
Conclusion
Mark Whitesides insurance is a great choice for those who are looking to protect their business. They have a variety of different policies and programs that you can choose from to make sure your business is safe.