business insurance policy Archives - Udell Family Insurance

Understanding, Importance of Having the Right Business Insurance Policy

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Understanding the Importance of Having the Right Business Insurance Policy

The Need for Business Insurance
Running a business can be highly rewarding; however, it has its risks. There are many risks associated with running an enterprise that can hurt your business if not prevented. All businesses, whether big or small, are at risk. Small and medium-sized enterprises (SMEs) tend to be at higher risk than large enterprises. As a small business owner, if your office gets engulfed in fire or a flood destroys your property, it may be difficult to redeem the loss since smaller businesses have fewer assets to draw from. A company in the growing […]

Understanding the Different Types of Business Insurance Policies You May Need

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Types of Small Business Insurance

The standard types of commercial insurance include property, liability, and workers’ compensation. However, other types of small business insurance options are available.

A business insurance policy is required by U.S. law if you have staff because it protects your business in times of trouble. There are stipulated coverages but based on your particular circumstances, you may need additional specialized coverages.

Different Types of Commercial Insurance

The seven types of commercial business insurance are identified below:

General Liability Insurance – All small businesses require a liability insurance policy. Liability insurance covers you if a product you provided, or service […]