Insurance - How Much is Enough?
How much insurance do you need? If you are starting a business in a leased or rental space, you should see an agent regarding business liability insurance. The basic coverages provided by most office insurance package policies are as follows:
1. General liability: Covers against liability that may happen within or outside your premises, such as an accident, a person trips and falls in your office and/or is injured because of something you or one of your employees did.
2 Products liability: Covers against lawsuits by a client or customer who used your product or service and sustained bodily injury or property damage from it; a gift basket containing food items that turns out to be contaminated, etc.
3. Fire and thief liability: Covers against damages and loss caused by fire or theft to office equipment, inventory, etc.
4. Automobile liability: Covers other people’s property, other automobiles, person in other vehicles, and persons in the insured automobile. Read More
