Three Types of Business Insurance You Really Need

Three Types of Business Insurance You Really Need

Three Types of Business Insurance You Really Need

When you start to explore Princeton NJ small business insurance policies, you may be overwhelmed by all of the options that are out there. To get yourself started, here are three types of policies your business absolutely needs in order to protect itself from legal, reputational, and financial harm.

  1. Business Auto – Just like you insure your personal vehicle, you will also want to fully insure your business vehicles. This way, if you or one of your employees is ever involved in an accident, you will not be held financially responsible for what occurred.
  2. General Liability – These types of policies are designed to protect your business against property damage and bodily injury claims. For example, if someone were to become injured on your property and decide to sue you for negligence, your general liability policy would kick in and provide your business with protection.
  3. Workers Compensation – By law, in order to run your business, workers compensation insurance is one type of Princeton NJ small business insurance you are required to have. Having one of these policies ensures that if one of your employees were ever to become injured on the job, your business would not have to pay for the cost of their medical treatment or lost wages.