Whether you have recently started up a new business or you’ve had your company for years, we’ll tackle questions people ask our business insurance brokers in Everett.
What Insurance Do You Need For A Small Business?
Owning your own business can be quite rewarding. You must protect your business to allow it to keep thriving. If you have a small business, you’ll likely need General Liability and property insurance.
General liability insurance is also called business liability insurance. This type of coverage protects you from claims such as property damage or injuries that can happen at your business.
Property insurance protects your actual property if it is damaged, stolen, or even destroyed. If there is any damage that your property encounters, you want to be able to rebuild/replace and be able to move forward. Not having property insurance can be devastating to your business should something occur.
Do I Need Business Insurance For My LLC?
Most small businesses start with a property that is owned by you. When you created your LLC, it made a clear division between the owner and the entity, which is the LLC. Should there be any issue such as a lawsuit, you would want that same divide.
Should there be an issue, you want the LLC to be sued, not yourself. You would want to protect yourself by having insurance for your LLC to protect your personal belongings should there be any litigation in the future.
What Is Covered By Business Insurance?
When you obtain liability insurance, you’re protecting your business property and property of others. Your general liability coverage will not protect you from injury to employees; however, it will protect you from things such as lawsuits and slander.
What we find most often is that many small businesses do not feel they need business insurance until they needed it. Then they wish they had it.
If you need business insurance brokers in Everett, American Insure-All® is ready to help you find a plan to fit your needs. For more insight on what we can offer you in terms of insurance, give us a call at (888) 411-AUTO or visit us online today.