Small Business Insurance: The Right Coverage for the Right Business
http://www.millpoint.com.au/business
With the recent financial crisis climbing, many small enterprises are being forcefully driven out of business. The last thing any small business needs are high insurance premiums; especially recently, when expenditures are low and costs are at an all-time high. In this type of financial climate, it is up to most small businesses to not only find business insurance, but to also find the particular kind of plan that is right for them, one that is both cost efficient and that provides a sufficient amount of coverage. Although every business is different, there are still certain insurance packages that most small businesses should consider mandatory:
Property Insurance: Which covers the loss or damage of the contents of a businesses workplace?
Liability Insurance: A plan that provides coverage for any legal actions taken against your business that were caused by any negligence from the business or your employees.
Workers Compensation: A system that is mandated by the state, with each individual state having their own plan. In this type of plan, an employee is stripped of their rights to sue their employer for any on-the-job injuries, in exchange for the employer’s participation in a system that covers any medical bills or damages that an employee would obtain in the workplace.
