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Sep 29, 2016 (0) comment , ,

Fires and car accidents happen; people slip, fall, get sick, get hurt on the job and even die. All of this can and does occur at a business in the US every year. This is why businesses need business insurance. It really does not matter if it is a one person shop or 500 person corporation, things will always happen when people are involved.

  1. What is Business Insurance? Business insurance is a broad term, it includes all the different type of insurance coverage that is available to protect business owners from losses. This insurance will protect your business property and vehicles. It will insure the business against legal claims against the business; examples – liability or workers compensation cyber-crime liability.
  2. Even if you don’t think your business has enough assets to be sued, or your business is incorporated, (corporate veil) you still need business insurance. Because anyone can be sued, and judgements can be awarded and collected through bank account seizures and even corporate veils can be pierced. The truth is the smaller your business is the more likely you can be held liable for the obligations through your personal assets.
  3. The mail type of business insurance available are:
  • Property and Casualty
  • Commercial Auto
  • Liability
  • Product Liability
  • Business Interruption
  • Workers Compensation
  • Life and Disability
  • Health

At TWFG Burridge Family Insurance our number one priority is helping educate you and other business owners about the unknown dangers of not being covered as well as not knowing the correct coverage to have. We welcome you to read our blog and join in our discussions about the right type and best insurance for your each one of your needs. If you have any questions you can contact us by phone or email anytime.

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