Feb 19, 2014

Posted by Shanell Calloway in Insurance | Comments Off on The Importance of Business Insurance for Small Companies in Wichita KS

The Importance of Business Insurance for Small Companies in Wichita KS

If you are a small business owner, then you have most likely considered the risks involved in operating your business. You take risks with every transaction and every customer. This is why it is so important your business is covered with business insurance Wichita KS. By knowing what to expect from your business insurance policy, you will be better prepared to purchase your insurance and file a claim.
 
What Does Business Insurance Cover?
Every small business needs liability insurance coverage. This type of coverage is called general business liability and is available in different amounts of coverage, depending on your business needs. These policies cover you in the event you are sued. This coverage can give you great peace of mind, in knowing your business is protected, no matter what type of lawsuit you may be given.
 
* Injuries — This policy covers you when customers are injured on your business property. This will cover the injured person’s medical bills and any award they are given through the court case. A monetary award may be given for compensatory damages to the person or their belongings, non-monetary damages and even punitive damages. It will also cover your legal defense fees for your court case. This can help you to avoid thousands and thousands of dollars in legal and settlement fees.
 
* Tenants — If you rent your office building or warehouse, business insurance will cover you for any damages you cause to the building, in the event of a fire or some other type of damage covered under your policy. It is important you check into what types of business insurance Wichita KS are available, so you know you are getting full coverage for your needs.
 
* Other protection — With business insurance, your company will also be protected when you are charged with slander, copyright issues, libel and even false or misleading advertising.
 
If you are in need of a business insurance policy, visit andywoodwardinsurance.com and learn about all of your options. They can help you with all of your insurance needs, so your business has the coverage needed. Contact them today for more information.

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