Four Basic Insurance Coverages Explained

Four Basic Insurance Coverages Explained

insurance agent near Boston

Are you looking for an insurance agent near Boston? As you go through your search, you’ll likely come across various coverages that you may not be familiar with. To help keep things simple, here are four of the most basic coverages that you should plan to include in your policy.

Property Insurance

Your building, landscaping, furniture, equipment and computer data can all be covered under your property insurance. In case of a fire, certain storms, vandalism or theft, your policy can pay to repair the damages or replace the items entirely.

General Liability Insurance

General liability is wide-ranging in nature and it covers you in case a third party suffers an injury or property damage because of your business. Your policy can be used to pay for any legal fees and expenses associated with a lawsuit.

Professional Liability Insurance

Professional liability is often referred to as errors and omissions insurance because it protects you in case a third party claims that they suffered a loss because of an error on your part. If a lawsuit is filed, your policy will cover the legal fees and damages for which you’re responsible.

Workers’ Compensation Insurance

Even if it’s not required by your state, it’s recommended that you carry workers’ compensation coverage. If an employee gets hurt on the job, your policy can be used to pay for their medical expenses and replace their lost wages.

Take your time when looking for an insurance agent near Boston. The best ones will have no problem customizing their packages to fit your needs.