Three essential insurances for small businesses | UNIVISTA INSURANCE

Three essential insurances for small businesses

Three essential insurances for small businesses. Small businesses are the backbone of the American economy. They employ 47.1% of the country’s workforce, that is, about 60.6 million people. In Florida alone, more than 2.7 million small businesses are registered.
So, if you have decided to start and have your own business, you are not alone in this endeavor. Here are some tips to protect your company.
There is a minimum of three basic insurances that you must include in your policy when undertaking:
Workers Compensation Insurance:
If you are going to hire employees in your company, you are required by law to have Workers’ Compensation Insurance. This covers employees who suffer accidents at work. It will help you pay your medical bills and lost wages after the accident.
General Liability Insurance:
It is the policy that protects your company and its assets from third-party claims. Covers a wide range of property damage or injury claims. Without this protection, the company would have to face the legal costs of any lawsuit and the amounts of compensation that arise from it.
Business Owner Insurance or BOP:
It is a flexible plan that combines different coverages, such as Business Interruption Insurance, which covers the loss of income of the company, due to a fire or a catastrophe, Coverage for data leakage, or Property Insurance, which protects the property where the business is located, the equipment, the inventory and the documents related to it.
When someone enters the business world, whether as an electrician, barber, store owner, or accountant, it is essential to have good insurance against fortuitous events that could put the continuity of the company at risk. Three essential insurances for small businesses.
Call Univista Insurance and you will get one of the cheapest and most efficient insurance on the market.

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