Small Business Association | NFIB - Small Biz Insurance Guide 2018-05-13¢  Covers portion...

Small Business Association | NFIB - Small Biz Insurance Guide 2018-05-13¢  Covers portion of defense
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Transcript of Small Business Association | NFIB - Small Biz Insurance Guide 2018-05-13¢  Covers portion...

  • Sources: NFIB, Entrepreneur NFIB.com/BizInsurance

    Small Biz Insurance Guide K�p your company protected �th the right coverage.

    Commercial Au� Insurance Coverage for vehicles used in the course of business to transport employees, goods, or equipment

    Protection for accidents while using a company vehicle

    Businesses that regularly use vehicles to carry out daily work

    Cyber Liability Coverage in case of a data-breach

    Protects from legal fees, �nancial settlements, credit monitoring, and business interruption

    Any business handling customer data

    Professional Liability Protection from legal claims of malpractice, including errors, omissions, and negligence

    Covers portion of defense costs and judgments

    Service oriented business like a doctors of�ce or law �rm

    Property Insurance Commercial insurance for property used to conduct business

    Protects from property damage and loss due to uncontrollable events

    Any business operating at home or in a commercial space that could suffer a business loss due to an unexpected event

    Business Interruption Insurance Coverage for loss due to a disaster or catastrophic event

    Compensates for loss due to suspended business operation

    Any business with a physical location

    Workers’ Compensation Insurance Coverage for work-related accidents to employees

    Helps cover medical treatment, disability, and death bene�ts

    Any business with employees (as required by some state laws)

    Key Person Insurance Life insurance policy on owners and key players

    Protects from loss of income in case of the death of a key player

    Businesses that can’t withstand the death of someone in the company

    General Liability

    Product Liability

    Covers legal and medical costs of a customer accident on company property

    Protects businesses from high claims costs and lawsuits

    Any business that has a physical location open to customers (retailer, restaurant, etc.)

    What Coverage for customer harm caused by a defect in a product

    Why Protects business from lawsuit and economic loss

    Who Retailers, wholesalers, distributors, resellers

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    Remember • Hire a good broker to help you decide what

    insurance is right for you

    • Revisit your insurance policies regularly to stay up to date with coverage needs

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