You have invested your time, hard work, and money into your business and to protect your business, you should consider obtaining commercial insurance. In the state of Indiana, all businesses must carry two types of commercial insurance:
Workers’ Compensation Insurance
State law in Indiana requires that all businesses that have any employees, full-time or part-time, must carry a workers’ compensation insurance policy. This type of insurance will help pay the medical bills and wages of your employees if they are hurt on the job or become ill due to a reason associated with their job and cannot work for a period of time.
Commercial Auto Insurance
All vehicles used for business purposes associated with your business must be covered under the state laws in Indiana which require all drivers to at least have liability insurance. This type of coverage pays a certain amount per person who is injured in an auto accident deemed to be the fault of you or one of your employees and any property that is damaged as a result of the accident.
General Liability Insurance
This type of insurance will provide coverage for injuries sustained by a customer or visitor to your business or injuries caused by your business. For example, if you own a construction business and a ladder falls on top of a person walking by on the sidewalk near a job site, this policy will help cover their medical bills and lost wages due to their injuries sustained in the incident. It will also cover any property damage that occurs due to an incident caused by your business.
Professional Liability Insurance
This type of coverage will help pay your legal fees if someone files a lawsuit against you due to a faulty product or some other reason.
Cyber Liability Insurance
If there is a breach of data or a cyberattack that causes your customers’ personal information to be hacked, this type of policy will cover fees and other costs associated with clearing up this situation, including the costs associated with informing all of your customers about the breach of security.
To create the best policy for you and your business, you will want to enlist the help of an experienced commercial insurance agent. The agents at the Kevin Dennis Insurance Agency in Mishawaka, IN are ready to serve all of your commercial business needs and to provide you with the peace of mind you deserve. Call for an appointment today!