Starting a business, no matter how small, is a big step. The mere thought of bringing your idea to the world is not easy, and that’s why you want to take every step to protect your business once it’s on its feet. At VAC Insurance Agency, we recommend checking various business insurance policies, especially mandatory ones like workers’ compensation and general liability, to cover every possible scenario. Here are some of the critical business insurance to consider.
Every business needs general liability insurance to protect it from various claims. General liability insurance protects your business against lawsuits that could result from bodily harm or property damage.
Worker’s compensation is mandatory for all businesses with employees. The policy covers your workers by paying for their medical bills and income lost when they get injured in their line of duty. It also pays for funeral expenses and lost income if someone dies while at work. You should get this policy if you run a risky business or your company involves working with many employees.
Professional liability insurance
While not all businesses have to carry this policy, it’s always a good idea to have one. Your new business is young and growing. At this critical stage, you’re working on building long-term relationships with your customers. Professional liability insurance ensures that you don’t close your Brooklyn, NY businesses when a client sues you for poor quality products, false advertisements, or late delivery.
Disasters hit everywhere, including your precious business. If you operate your business in an area that is prone to disasters, disaster insurance can be a great option to keep your business running.
Looking to buy the above policies for your new startup in Brooklyn, NY? VAC Insurance Agency can help you find a policy that matches your needs. Contact us for more information, questions, or new policy discussions.