{"id":528,"date":"2017-10-24T14:25:53","date_gmt":"2017-10-24T14:25:53","guid":{"rendered":"https:\/\/www.quincymutual.com\/blog\/?p=528"},"modified":"2023-11-07T16:04:18","modified_gmt":"2023-11-07T16:04:18","slug":"small-business-insurance-necessary-coverages-and-endorsements-to-consider","status":"publish","type":"post","link":"https:\/\/www.quincymutual.com\/blog\/small-business-insurance-necessary-coverages-and-endorsements-to-consider\/","title":{"rendered":"Small Business Insurance: Necessary Coverages and Endorsements to Consider"},"content":{"rendered":"

Small business owners \u2014\u00a0you\u2019ve worked so hard to build your business, but is it adequately protected from the things you can\u2019t plan? Insurance is one of most critical components of your business plan and can protect you from a myriad of unexpected disasters. <\/span><\/p>\n

While the specific types of insurance coverages your business will need will depend on your industry, in general, business owners should consider the following insurance coverages:<\/span><\/p>\n

General Liability \u2014\u00a0<\/span><\/i>This insurance coverage protects your business in the event of a lawsuit or claim, like if someone is injured on your property. It can also provide financial protection in cases of acts of libel or slander. <\/span><\/p>\n

Worker\u2019s Compensation \u2014\u00a0<\/span><\/i>Businesses are required by law in most states to carry workers\u2019 compensation insurance. This coverage helps cover medical care and wage replacement for workers injured on the job.<\/span><\/p>\n

Commercial Auto Insurance \u2014\u00a0<\/span><\/i>A commercial auto policy covers you and any vehicles you own, lease, rent, or borrow for businesses purposes. It will also apply to any employees using one of your business vehicles. <\/span><\/p>\n

Property Insurance \u2014\u00a0<\/span><\/i>This coverage is crucial to protecting your business\u2019 physical assets. Depending on the specifics of your policy, damages from fire, smoke, or acts of vandalism may be covered. <\/span><\/p>\n

Business Income Insurance <\/span><\/i>\u2014\u00a0If your business was forced to shut down temporarily, would you be able to cover costs like payroll or rent? Business Income Insurance can help cover the loss of income you experience from a covered loss. <\/span><\/p>\n

Presidential Security Endorsements<\/span><\/i> \u2014\u00a0In many cases, business owners opt for a Business Owners Policy (BOP), which provides a comprehensive package of major property and liability insurance coverages. Additionally, Quincy Mutual Group offers Presidential Security Endorsements that are designed to enhance the coverage needs of business owners and are specifically tailored to your unique industry. When this industry-specific endorsement is attached to our BOP policy, it adds over 40 new coverages or limit increases, plus a Bucket Limit of up to $250,000.<\/span><\/p>\n

We offer these Presidential Security Endorsements for a range of industries, including:<\/span><\/p>\n