Howard JW Insurance Group Blog
Your Business: Beyond General Liability Insurance – 7 Additional Business Insurance Policies To Protect Your Business
By: T Antoinette Wilson
When it comes to commercial insurance, many business owners aren’t familiar with the different types of policies available to help cover their bottom line and even help keep their doors open. As an owner, you’ve probably heard about Commercial General Liability (CGL or GL) insurance. You may already carry it for the financial protection it provides, or you may have been required to show your certificate of insurance (COI) to get an SBA loan, lease your space, or before you started a job. Many business owners believe, sometimes hope, it provides all the protection they need. While General Liability insurance helps cover your financial responsibility for another person’s bodily injury, property damage, or damage to their reputation, not every type of mistake or misfortunate your business may experience is covered.
Because commercial insurance helps protect your company’s bottom line, it’s important to determine where you lack protection and to cover your company’s exposure – before you have a claim. Fortunately, there are a lot of insurance options to help protect your business and your bottom line. Let’s take a look at some of them. Here are 7 additional business insurance policies to protect your business:
1. Professional Liability Insurance
2. Cyber Liability Insurance
3. Employment Practices Liability Insurance
4. Commercial Umbrella Insurance
5. Disability Insurance
6. Business Overhead Expense Insurance
7. Directors & Officers Insurance
Having insurance helps protect your finances “just in case” something unfortunate happens. While I hope you’ll never have to use your insurance coverage, we know that sometimes unfortunate, unexpected situations do happen – and they don’t always happen to someone else. To protect your financial lifestyle and business finances, it’s better to have coverage for life’s unexpected, before you actually need it.
At Howard JW Insurance Group, we’re all about tracking with your vision and protecting your legacy. We’d love to learn about your business and your legacy plans! Contact one of our licensed, Insurance Consultants. We’re here for you and happy to help!
What type of insurance coverage do you think may benefit your business?