What types of insurance should I get for my business?
To determine what types of insurance you need to properly protect your business, you should to talk to an insurance agent. If you are up-front with the agent and let them know all of the important information about your business, they will be able help you determine exactly what types of insurance are right for you, ensuring that you are properly protected. They will also be able to help you keep the insurance as affordable as possible, prioritizing the most important coverage while raising your deductible on the less important ones, etc.
The two types of insurance many businesses are most likely to need are property insurance and liability insurance. However, you can also discuss other insurance options with your agent, such as insurance forÂ employee theft and other crimes, for interruptions to your business and for things that are specific to the industry you are involved in. You may also be required to carry workers compensation insurance.