TUESDAY, FEBRUARY 7, 2023
Business owners must protect their assets by having the proper insurance coverage. Business insurance can include a wide range of options, and it’s critical to understand what types will most benefit your business. Two areas of risk worth discussing in depth are business liability and theft.
What Does Business Insurance Cover?
A standard business insurance policy usually includes the following coverages:
- Business property
- Business income
- Professional liability
- Workers’ compensation
- Commercial auto
Does Business Insurance Cover Theft?
In order to fully protect your business from theft and liability, you may want to consider the following coverage options:
- General liability may cover the theft of a third party’s property. For example, if a third party suffers losses directly related to the theft of your business’s money or property, your general liability insurance policy can help protect you.
- Employee dishonesty coverage insures business owners or their clients against employee theft.
- Business crime insurance can help protect your company from significant losses due to third parties and internal employees. This includes coverage for loss of money and other assets due to theft, fraud, forgery and burglary.
Remember that general liability coverage doesn’t cover every possible liability risk. Talk to your insurance provider to discuss the best liability coverage for your needs.
How Much Is Business Insurance?
The cost of business insurance varies greatly depending on several factors, including a business’:
- Industry
- Location
- Size
- Payroll
- Prior claims
- Coverage and deductibles
Speak with a qualified insurance provider to get an accurate quote for your business. They may even offer discounts for bundling coverage, prepaying your annual premium and investing in workplace safety.
Business Insurance in Oklahoma City
If you are interested in learning more about protecting your business, contact the dedicated staff of insurance professionals at Metro Insurance. We can help you find the best policy to suit your needs and give you peace of mind.
This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.
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NOTICE: This blog and website are made available by the publisher for educational and informational purposes only.
It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional
in your state. By using this blog site you understand that there is no broker client relationship between
you and the blog and website publisher.
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