The Basics of Business Insurance in Pennsylvania!
There are some standard items that may be covered when purchasing the most affordable business insurance Pennsylvania has to offer. One of the most important is workers compensation, which is required by law in most States in the U.S. It is designed to cover medical and rehabilitation services and lost wages for employees who suffer injuries or illnesses related to their jobs.
General liability insurance offers financial protection in case of accidents and injuries that may occur on the business property. Product liability coverage addresses customer injuries and exposures associated with the business’s products. Commercial auto insurance is necessary if you have drivers who make deliveries, salespersons who visit clients, or any other employees who use one of your vehicles to perform their job duties. Property insurance provides financial coverage for any peril spelled out in the policy such as fire, smoke damage, theft, vandalism, tornado, or windstorm.
The agent dealing with your business insurance in Pennsylvania may recommend an umbrella liability policy depending on the type of business you operate. An umbrella policy may take effect after the limits on your other coverage are exceeded. Business interruption coverage may be recommended as well. This offers financial protection for lost income in the event that a disaster shuts your business downwhile repairs are being made. Your insurance agent is a good source of information when considering the types of coverage you need for your business. So if you’re reviewing your insurance, call us today for assistance!