Business owners know that when you own your own business, you take on risks. Whether you own a plumbing business, retail shop, restaurant, distribution company or a manufacturing business, you want your business to assume the risk, not you personally. That’s why having the correct insurance coverage is important. Our professional agents will evaluate your potential risks, prior loss history and type of business to determine the best policy solution for you.
In business you want to make sure that when the unexpected happens, you have the coverage to protect your assets. Being prepared with liability insurance will provide your business with that assurance. There are many business liability coverages you should consider when owning a business. Contact Anderson-Watkins Insurance at 207-856-5500 and one of our professional agents will be happy to meet with you to discuss your business liability insurance needs today.
Business Liability Coverages you should consider when owning a business include:
- General Business Liability insurance provides protection from allegations of negligence which cause: Property Damage, Bodily Injury and more.
- Employment Practices Liability insurance protects your business from potential employee lawsuits – wrongful termination, discrimination, breach of contract, sexual harassment, and more. This policy helps cover your legal costs and counsel.
- Professional Liability insurance protects you and your business if a mistake is made. Mistakes happen. We don’t want them to, but sometimes they do. Also known as Errors & Omissions Insurance, this policy provides protection if you or an employee provide inadequate or negligent work and a financial loss occurs to a client.
- Cyber Liability insurance provides protection from your business exposure to cyber risks. Whether you own a retail business or nonprofit, if you use technology, you have cyber risk. Data corruption, unauthorized access, network security breach and loss of income are all coverages that may be found in a cyber liability insurance policy.