Zein Insurance Services Inc.

Commercial Business Insurance

When you’re just starting out in business, it’s easy to cut back on insurance. Many small business owners believe since they have little money and few assets, no one is going to sue them. Natural disasters? Not likely.

Unfortunately, that’s not how things always work out. Here are three small business realities:

Small companies get sued all the time. Just because your business is a corporation or limited liability company (LLC), that doesn’t mean your personal assets are always protected. Under certain circumstances, you could be held personally liable if you are slapped with a lawsuit. That’s why liability insurance is so vital. Depending on your business, you may need general liability insurance, in addition to professional liability coverage.

Natural disasters can happen anywhere, and many businesses do not survive them. Weather patterns are unpredictable, especially when flooding occurs. Disasters are expensive.

Aside from specific disaster coverage, there’s also business interruption coverage. This type of insurance provides compensation for your business if it’s temporarily shut down due to a disaster.

Many businesses do not survive the death of an owner. Statistics show that many businesses crumble after the death of an owner. Life insurance can help your business survive if something happens to you, and protect your family and/or your business partner from financial disaster.

Do You Have The Right Business Insurance?

Natural disasters can happen anywhere, and many businesses do not survive them. Weather patterns are unpredictable, especially when flooding occurs. Disasters are expensive.

Aside from specific disaster coverage, there’s also business interruption coverage. This type of insurance provides compensation for your business if it’s temporarily shut down due to a disaster.

What is General Liability Insurance?

• Every business owner eventually gets a lesson in business liability and torts; either in the classroom or the courtroom.
• Regardless both the student and the defendant soon discover that business liability and tort law is a virtual minefield of potential lawsuits.
• Many of which could potentially bankrupt the firm.
• General Liability Insurance protects ensures that you and your employees’s source of income is secured from any tort incurred by your firm during business

What does General Liability Cover?

This significant protection to a business covers claims of property damage and /or bodily injury to a third party caused by your business operations, the insured premises or when someone is injured as a result of using any of your business products. This general liability coverage may also provide for legal defense of the insured.

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