Essential Insurance for Start-Ups
When you launch a start-up, getting the business off the ground is all-consuming. Insurance may not be at the forefront of your mind. However, adequate
business insurance in Banning, CA, even in the early stages. A new business faces risks - and you can never be too prepared for the unexpected. Here are a
few types of insurance your business should consider.
- General liability insurance
Every business, big or small, needs liability insurance. It protects your business against any personal injury lawsuits, and helps to cover the cost of hiring a legal defense for claims related to third-party bodily injury, property damages, loss of personal effects, and advertising injury.
If your business has office space and infrastructure, you will need property insurance. This policy covers damage to the property and your business's assets such as furniture, equipment, and inventory items. Property insurance covers your business from events like fire, theft, storms, and vandalism.
- Business Owner's Policy (BOP)
A business owner's policy (BOP) bundles general liability and commercial property insurance coverages, and is typically the most affordable choice. With a single BOP, small business owners are protected against a variety of events, such as theft, lawsuits, fire, and more.
- Workers' compensation insurance
As soon as you hire the first employee, you will need workers' compensation insurance. This coverage protects your business when an employee gets ill, injured, or dies on the job. It helps to cover the injured employee's medical expenses, rehabilitation costs, lost wages, and death benefits to the family.
Is your start-up looking for the right coverage? To secure reliable coverage,
contact the experts at Little & Sons Insurance Services. Serving Banning and the surrounding cities in California, we are ready to assist you with all your insurance needs.
