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Small business owners have different insurance needs than large companies. These needs are also different than personal insurance needs. Selecting the right commercial policies are important for the stability of your business. If you are a small business owner in Wallingford, CT, consider commercial insurance from Lana Insurance Center Inc.
Commercial Liability
Most small businesses will need a general commercial liability policy. This policy will cover claims from damage or injuries that occur on your business property. If you have a physical business, you will need a general liability policy. It may also cover libel and slander claims.
You might need professional liability as well. General liability covers claims not related directly related to your product or service. Professional liability covers claims that come from defects in your work or product. If someone slips inside your store, general liability will cover it. If you make a surgical mistake, it would be covered by professional liability.
Commercial Property Insurance
Commercial property insurance covers buildings on your property and their contents. This includes business equipment and inventory. This coverage is needed for stores, factories, warehouses, and office buildings. If you own a home-based business, you may still need a commercial property policy to protect expensive business equipment and inventory.
Worker’s Compensation Insurance
If your business has any employees, Connecticut law requires you to have worker’s compensation insurance. Sole proprietorships are exempt from the requirement. Worker’s compensation will cover injuries and missed work time if an employee is injured on the job.
Choosing the right commercial insurance policies can be difficult. Our friendly agents will learn about your business and your specific needs so they can make the right recommendations. Contact Lana Insurance Center Inc. in Wallingford, CT to learn more about our policies.
