3 Types of Insurance Your Business Needs

3 Types of Insurance Your Business Needs

Orlando business insurance coverage

Do you have the right insurance to protect your business? Even if you’ve been in business for years, you may be missing vital insurance policies, especially if you haven’t reexamined them in a while. Add these policies to your Orlando business insurance coverage.

Product Liability Insurance

Product liability insurance is a necessity if you sell any type of goods to the general market. Even if you do your best to ensure you provide a safe product that works as advertised, sometimes mistakes happen. Product liability protects you if your product hurts or injures someone and can be customized to fit your specific needs.

Business Interruption Insurance

Orlando business insurance coverage should include a business interruption policy. If you must close your doors due to a natural disaster or another unexpected event, you are losing money each day you close. This throws a wrench into your entire financial plan, but business interruption insurance will pay for your lost income up to your policy amount or for the duration of your closure.

Home-Based Business Insurance

If you are one of the millions of people who run a business out of your home, you may or may not know that your business operations and inventory are not covered by your homeowner’s policy. Depending on your situation and the type of business, an insurance agent can help you find an additional policy to cover your home-based business.

Orlando business insurance coverage should always be provided by a licensed and respected company. Research and shop around before making a decision.