What types of risks does your business face? Could everything you worked for go up in flames tomorrow? Will a disgruntled employee accuse you of unlawful employment practices? Could a customer sue you for an injury that occurs on your premises? All of these scenarios are real possibilities for many New Holstein area business owners. If you are faced with an unexpected loss, how will your small business insurance stand up to the costs? Here at Erica Boll Insurance, we help small business owners like you find insurance that reduces risk exposures and fills in coverage gaps to ensure you are well-protected against the hazards and perils that threaten your day-to-day operations.
Types of Small Business Insurance Coverage
Your small business is unlike any other. That means your coverage needs are unique, too. We aim to carefully assess the details of your business to find the insurance solutions that are right for you. This includes evaluating:
- business size
- the number of employees you have
- cash flow
- the number of locations you have
- your industry risks
- your plans for future growth and development
- and more
Depending on your company’s distinct risk profile, we can recommend a wide range of coverage options, some of which include:
General Liability Insurance
Third-party injuries and property damages can cost your business tens or even hundreds of thousands of dollars in legal fees and judgments. General liability coverage financially protects your business against these types of claims and expenses, covering your costs up to the limits of your policy.
Workers Compensation Insurance
In addition to third-party injuries, your business can also be held responsible for the injuries of your employees. Workers compensation insurance is designed to protect your company against financial liability when a worker is injured on the job. It can cover the cost of medical bills and rehabilitative costs, as well as lost wages if the employee needs to take a leave from work to recover.
Employment Practices Liability Insurance
If you have employees, EPLI can help shield your business against claims of discrimination, harassment, and other unlawful employment practices.
Errors and Omissions Insurance
E&O Insurance is often recommended for businesses that provide professional services or advice, such as real estate agents, financial consultants, and legal advisors. It protects your business against financial liabilities and defense costs if you are sued for giving bad services or wrong advice.
Property insurance is important to protecting the physical structure, equipment, furnishings, and inventory of your business against damage or loss due to a covered event. This typically includes coverage for damage caused by fires, smoke, ice, falling objects, theft, vandalism, and more.
Business Interruption Insurance
If a covered event prevents your business from operating at full capacity, business interruption insurance can help cover your operating expenses until you can return to normal operations.
Commercial Umbrella Insurance
Commercial umbrella insurance is extended liability protection that helps pay your financial responsibility when your liability exceeds the limits of your primary coverage. Commercial umbrella insurance typically comes with very high limits worth several million dollars. Without it, a major lawsuit could force your business to shut its doors for good.
New Holstein Small Business Insurance Quotes
If you own a small business in the greater New Holstein area, we here at Erica Boll Insurance want to help you get the coverage you need. Call us today to request your professional consultation and quotes. We look forward to serving you soon.