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Contributor
Ritika Bhansali
Posts: 34
Registered: ‎03-06-2017

Should my small business have business insurance?

Should my small business have business insurance?

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Accepted Solutions
Frequent Contributor
N.Kumari
Posts: 124
Registered: ‎11-10-2021
Solution

Re: Should my small business have business insurance?

Hi,

As a business owner there are many things one has to look out for. We understand your business needs. Insurance is a form of risk management primarily used to hedge against the risk of potential financial loss.

The business Suraksha Package is designed to take away most of your worries. This is a unique package policy which provides choice of all type of covers under one Policy.

 

Fire and allied perils

Burglary and housebreaking

Money in transit and money in safe. All risk cover portable equipments.

Baggage insurance

Fidelity Cover

Plate Glass Cover

Machinery breakdown for equipments

Electronic Equipment Comprehensive Cover

Neon Sign/ Glow Hoardings

Consequential loss of profit (Fire)

Workmen’s Compensation

Public Liability

 

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Contributor
Disha Patil
Posts: 27
Registered: ‎28-08-2017

Re: Should my small business have business insurance?

When a small business is in its growth stage, it is essential for the business owner to consider buying these insurance covers that are typically fit into an office insurance plan.

1. General Liability Insurance: Every business, even if home-based, needs to have liability insurance. The policy provides damages if you, your employees or your products or services cause bodily Injury or property damage to a third party.

2. Property Insurance: If you own your building or have business personal property, including office equipment, computers, inventory or tools you should consider purchasing a policy that will protect you if you have a fire, vandalism, theft, smoke damage etc.

3. Worker’s Compensation: Worker’s compensation provides insurance to employees who are injured on the job. This type of insurance provides wage replacement and medical benefits to those who are injured while working. In exchange for these benefits, the employee gives up his rights to sue his employer for the incident. As a business owner, it is very important to have worker’s compensation insurance because it protects yourself and your company from legal complications.

An office package policy covers everything a business owner would need. Based on your company’s specific needs, you can alter what is included in an office insurance policy. Typically, a business owner will save money by choosing a package policy because the bundle of services often costs less than the total cost of all the individual coverages.

Frequent Contributor
N.Kumari
Posts: 124
Registered: ‎11-10-2021
Solution

Re: Should my small business have business insurance?

Hi,

As a business owner there are many things one has to look out for. We understand your business needs. Insurance is a form of risk management primarily used to hedge against the risk of potential financial loss.

The business Suraksha Package is designed to take away most of your worries. This is a unique package policy which provides choice of all type of covers under one Policy.

 

Fire and allied perils

Burglary and housebreaking

Money in transit and money in safe. All risk cover portable equipments.

Baggage insurance

Fidelity Cover

Plate Glass Cover

Machinery breakdown for equipments

Electronic Equipment Comprehensive Cover

Neon Sign/ Glow Hoardings

Consequential loss of profit (Fire)

Workmen’s Compensation

Public Liability