Insuring your business is very necessary to protect you and your business from any damage, loss or theft. When you own a business, insuring your business with some basic business insurance policies is very important.

1. directinsurancenetwork.com
6 Basic Types of Business Insurance

2. Business Insurance is necessary to make sure that
your business is protected properly. Businesses have
a wide range of insurance types to protect from any
disaster and loss.
Here are some basic types of Business
Insurance one must have:

3. General Liability Insurance
The General Liability Insurance Policy provides both
defense and damages if you or your business services or
products are alleged to have caused damage to the third
party.
It pays for your damages and legal expenses if you are sued
up to your policy limits.

4. Property Insurance
The Property Insurance Policy protects your place of
business and the contents essential to your business
operations.
The insurance coversequipment, signage, inventory
and furniture in the event of a fire, storm or theft.

5. Workers’ Compensation Insurance
The Workers’ Compensation Insurance provides wage
replacement and medical coverages to employees who
are injured on the job.
This insurance policy protectsyourself and your company
from legal complications.

6. Commercial Auto Insurance
Commercial Auto Insurance Policy covers the vehicle
(work cars, SUVs, vans and trucks) that you use in the
operation of your business.
This insurance policy will payfor the property damage or
the bodily injury caused by the business vehicle.

7. Business owner’s policy(BOP)
A Business Owner’s Policy covers all the coverages like
business interruption insurance, property insurance,
vehicle coverage, liability insurance, and crime
insurance.
With BOP, a business owner can save money
because the bundle of services often costs less than the
total cost of all the individual coverage’s.

8. Professional Liability Insurance
Professional Liability Insurance, aka, errors and
omissions (E&O) insurance, covers a business against
negligence claims due to harm that results from
mistakes or failure.
The E&O Insurance providesdefense and damages for
failure to or improperly rendering professional services.

9. By having the right Business Insurance in place, a
business can avoid a major financial loss.
Direct Insurance Network helps to find the perfect
coverage for your particular needs and daily business
operations.