While you could be as cautious as possible and be prepared for every predictable event, things can and do go wrong. If you own a business and something happens to your office, it could have devastating consequences. This is why you need to have the right insurance to protect your business. Here at Skeele Agency, Inc., we explain the different types of office insurance to provide you with the appropriate coverage to meet your needs. With that in mind, here is a handy guide to help you choose the right insurance for your business.
Public Liability Insurance
This type of coverage protects you from claims for compensation from individuals outside of your business who have been hurt or whose property has been impaired as a result of your business. This could be something as small as someone slipping on a rug and hurting a leg to more serious accidents casued by construction mishaps. If the nature of your business regularly brings you into contact with the public, you need to consider this type of coverage.
Employers Liability Insurance
If you are an employer, even on a part-time or contractual basis, you have to purchase employers liability insurance. Not doing so would mean that you are breaking the law. This coverage protects you if something happens to an employee in the form of illness or injury due to work. If an employee looks for compensation from you, this type of coverage will take care of it.
Property Insurance Coverage
Every business would no doubt struggle to survive without its tools of the trade. It doesn’t matter whether you are an IT business owner or builder; your equipment is crucial to your profession. However, should something happen to your equipment (be it theft or damage), would you be able to replace everything at one time? If the answer is no, you need to consider getting property insurance coverage. When purchasing this particular type of policy, you need to make sure that you have enough coverage to protect your office or business. Here at Skeele Agency, Inc., we have nearly 60 years’ experience in the insurance industry and can help you take out the right amount of coverage for your needs. We assess your property, as well as its contents, and recommend an amount of coverage to meet your needs.
Professional Indemnity Insurance
Professionals are very good at selling their expertise and knowledge to others. Without knowing it, you may be doing this in a wide variety of ways. For instance, you could be offering consultancy services or creating designs in one way or another. If one of your clients loses money because your work is late or below par, professional indemnity insurance protects you from claims of this nature. Even if you believe that you have done nothing wrong, a client may disagree and that could cost you a lot in legal fees. This is where professional indemnity coverage comes in handy.
Why not give us a call to see how we can protect you? No matter how big or small your business is, we have just the right insurance coverage for you.