It almost goes without saying that business owners need to have more than just adequate insurance. Not having enough protection can certainly lead to disaster. For instance, people who sell certain services need professional liability coverage, protecting them in the event of a mistake or omission that causes harm. An example would be an attorney who forgets a filing deadline. The customer can file a lawsuit and the professional is held personally responsible for damages. Further, in many states, certain businesses must have workers’ compensation insurance. This covers workers who are injured or become ill while on the job.
Consumers looking for Business insurance in Harrisburg PA should visit Farnham Insurance. Here, they consult with clients and advise them about insurance needs. Often, owners buy business interruption coverage. This coverage provides some income in case an event disrupts business. For instance, many businesses would be devastated if they were hit by a tornado, and the building were lost, not mention any income that should have resulted as well. While this coverage may not pay for disruptions caused by incidents such as downed power lines, it can be a power asset in other situations.
Business insurance in Harrisburg PA includes product liability coverage. Any business that makes something for sale needs this protection. Indeed, one mistake could wipe out an entire business. Society is very litigious, and consumers are apt to sue for anything. Additionally, businesses that make deliveries need commercial vehicle coverage. Naturally, all company cars and delivery vehicles must be insured. It’s common sense to make sure the building is fully insured, too. Property insurance will usually cover signs and the contents of a building. Furthermore, it kicks in for fires, storms and theft. However, most property damage policies do not cover floods.
Finally, liability insurance protects the business in case of an accident. An example would be someone who slips and falls on the property. The insurance covers medical bills and other damages. It may be a good idea to ask your agent about umbrella policies. Indeed, many insurers offer different coverage on one policy. Owning insurance is one investment that can pay off for a business, although no one wants to test it. Make sure you are protected.
