Owning a business means that you must purchase the right protection for your company assets, employees and your specific concerns. An independent agency can help you compare Monroe, CT commercial insurance policies by providing the information that you need to select an appropriate plan. Insurance agents can also offer advice about legal concerns and coverage standards so that you are always prepared for any possible situation.
The state requires that you purchase appropriate commercial coverage for any vehicles that are owned or operated by your business. Standards focus primarily on liability risks, but you can purchase additional coverage if you are concerned about injuries to your employees or the cost of repairs after an accident.
Liability protection is designed to ensure that you are not paying high-cost medical bills out of your company's funds and profit. It helps protect against accidents that take place on company property as well as accidents that are associated with faulty products.
Property that is owned by the company needs the right insurance to protect against damages from storms or other situations. The right plan depends on the amount of property that your company owns and the potential problems that you expect to face. You should always have a basic plan in case a fire occurs or other situations arise.
Worker's compensation insurance protects your employees if an accident occurs. It will pay for the injuries that occur in the course of a work day and any related situations that may arise. The state requires that you purchase a policy to protect your employees, even if you only have one employee and the risk of an injury is low.
A business owner's package is a type of policy that addresses two main concerns: company property and liability. It offers basic protection for your needs, but it may not have all of the coverage that you need for your business to grow and thrive. In some cases, you may need to purchase additional protection.
The coverage that you need as a business owner is not always the same as the protection you need as an individual. To learn more about your options and the policies that are available, contact us to talk to an agent today.
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