Two Popular Business Coverages Explained

Signing up for business insurance can be one of the more difficult startup activities for new business owners. With the number of available coverage options and confusing terminology, it’s easy to see why many new business owners simply settle for the policy with the lowest cost. Rather than settling, it’s best to work with an experienced agent from one of the insurance companies in Connecticut to get you the right coverage for your company. In the meantime, here are two of the more popular coverages that you should expect to include in your policy.

Property Insurance

With property insurance, you’ll have peace of mind knowing that if your building, equipment or furniture were to get damaged or destroyed by fire, storm, vandalism or theft, your policy will cover the cost to repair or replace it. In some instances, you’ll also be able to sign up for business interruption coverage, which offers payment to cover for the revenue you may have missed out on because of your damaged property.

Liability Insurance

There are many forms of liability coverage, but the concept behind them is similar. If a non-employee experiences a loss because of your business activities, your policy will be available to pay for any legal, medical or other fees for which you are found liable.

These and other coverage options are available at many of the insurance companies in Connecticut offering business coverage. Work with your agent to customize your policy to fit your exact needs.

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