Don’t Skip These Important Insurance Products For Your Business

By: Advocate Brokerage

When you own a business, you take steps to keep it safe every day. But, if you let any of the following insurance products slip through the cracks, then your business may be at risk.

Cyber Liability Insurance

We live in a digital world, and even small data breaches can cause big problems. Cyber liability insurance helps protect your business from significant financial losses in case you become the victim of a cyber-attack or IT issue that puts your sensitive data at risk.

Cyber liability insurance can cover extended expenses, such as forensic investigations, legal fees, credit monitoring, and customer notification.

Employment Practices Liability Insurance

Although you try to be a good boss, lawsuits from disgruntled employees not only damage your reputation, but can also hurt your bottom line. Employment practices liability insurance can protect you from claims of discrimination, harassment, wrongful termination, and more.

Remember, even businesses known to have fair and equitable working conditions may be the target of unwarranted lawsuits.

Business Interruption Insurance

The unexpected happens. Businesses may close because of a power outage, natural disaster, fire, or other accidents. Business interruption insurance keeps you from losing significant income during an unplanned but necessary closure.

Payroll, rent, and other fixed expenses should be covered.

Business Auto

Even if you only have one vehicle used for business purposes, make sure it’s covered. Advocate Brokerage will customize your business policy for one to 100 or more vehicles and ensure each is covered with a comprehensive range of insurance products tailored directly to your needs.

Workers’ Compensation

If one of your employees is injured on the job, workers’ compensation insurance can safeguard both your business and your employees’ personal finances. Workers’ compensation offers coverage for loss of wages and medical care. It can also help their family in the case of an unfortunate fatality that happens while in your employment.

There are many different types of business insurance that you might need depending on your industry. Ask your insurance Advocate for more information and get covered today.

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