So, you finally took the initial steps to start your own business, good for you. Being the boss comes with plenty of perks. For instance, you get to surround yourself with the best of the best, choose what hours to work, and call all the shots. That also means that you are responsible for everything, though, and things fall on your shoulders. Hence, you’ll need to take precautions to ensure you, your employees, and your assets are protected.
There are different steps you can take to accomplish that. However, one of the easiest and simplest is by getting insurance. The types of policies that are necessary for startups vary. Therefore, the products mentioned here might not be suitable for all businesses. Yet, they should give you an idea of what’s available and what you might need. Thus, if your interest is piqued, please, stick around and read on to learn more.
1. Commercial Auto Insurance
Will your company have vehicles, and will employees drive them for various purposes? When that’s the case, commercial auto insurance is a must-have. The policy will ensure that property damages and bodily injuries are covered if crashes occur. You know, so you don’t get stuck paying for them out of pocket. Virtually all autos can be included on policies, but some of the common types covered are:
- Pickup trucks
- Cargo vans
- Taxis, limos, and buses
- Company cars
2. General Liability Insurance
The world can throw everything but the kitchen sink at a startup. Heck, for that matter, sometimes it can chunk that too. The point is that you need to be prepared for whatever heads your way, and that’s where general liability insurance comes into play. It is a basic form of coverage, which Northridge companies are required to carry. So, make sure your livelihood is protected by obtaining a policy before you open for business.
3. Contractors Insurance
Does your company provide services? For example, do your people work on carpentry, plumbing, roofing, or electrical projects? If so, contractor’s insurance could be the solution you need. The risks that you, your company, and your employees will face are real. Therefore, you need to treat them as such with a policy that meets particular demands. If your business is just starting out, don’t forget to obtain the correct insurance policies. We’d hate for you to have to pay for injuries or damages out of pocket, as that could certainly hit your company where it hurts, the bank account. Contact Panorama to discuss your commercial insurance options and obtain a quote today.
