How did you start your business? Did you dream about it, save for it, and build it from scratch? Did you purchase it from a previous owner? Was it a hobby that grew into a thriving business almost by accident? However you acquired your business, it cost you something to get it. Make sure to protect your investment with insurance that guards against financial loss. At Feivor Insurance, we help Shawano area business owners like you protect themselves against the financial impact of sudden, unexpected losses. From lawsuits to natural disasters, we’ve got you covered.
Types of Small Business Insurance Coverage
Having the right small business insurance is all about knowing which types of protection to purchase and how much coverage you might need. From general protection to specialized coverage, we can help you determine which options are right for you. While is no one-size-fits-all plan, there are certain types of coverage that are common among business owners in various industries. Examples include:
Property Insurance
If your business is damaged or destroyed by fire, inclement weather, vandalism, or another covered event, your property insurance helps pay for the losses to the inside and outside of your building, as well as your equipment, computers, inventory, and more.
Business Income Interruption
Sometimes a business can be so damaged that it must temporarily close, relocate, or reduce its operations. This type of insurance helps cover the loss of your business income due to a covered event.
Workers Compensation
If you have employees, you need workers compensation insurance to pay for medical expenses and lost wages caused by a workplace injury.
General Liability
Would your business survive a lawsuit? When accidents happen – and they do – you need general liability protection to help shield you against litigation. This coverage safeguards your business when you are found liable for injuries and property damages. It can also help pay your legal defense fees, which can be exorbitant even if you win your case.
Commercial Auto Insurance
Your business vehicles need insurance coverage just like your personal vehicles do. We offer commercial auto insurance that covers your liability for accidents, medical payments for drivers and passengers, and vehicle repairs due to collision and non-collision damages.
Commercial Umbrella Insurance
Sometimes, general liability isn’t enough. When the limits on your primary liability insurance have been reached, don’t dip into your business offers to foot the bill. Instead, let your umbrella insurance pick up where other insurance left off. Commercial umbrella insurance can add millions of dollars in liability protection to your business, ensuring the continuity of your business even in the face of a major lawsuit.
Employment Practices Liability Insurance (EPLI)
When employees feel their rights have been violated, you can be sued for unlawful employment practices. EPLI helps cover your defense fees and financial responsibility whether you win your case or not.
Errors and Omissions Insurance (E&O)
E&O is for professionals who give advice, guidance, consultations, and other professional services. It protects against financial liability for inaccuracies and mistakes that result in a client’s loss.
Cyber Liability
If a breach in your data security systems leaves sensitive client or customer information vulnerable, cyber liability insurance helps cover you for the damages.
Shawano Small Business Insurance Quotes
When you use an independent agent for your small business insurance needs, you are benefiting from the services of someone who is looking out for your best interests – not the insurer’s. We can provide guidance, expose gaps in your coverage, and find ways to minimize your exposure to risk. If you own a small business in the greater Shawano, Wisconsin area, contact our office today. We look forward to serving you soon.
