Business Insurance helps to Minimize Financial Losses, Without business insurance, you could be on the hook to pay for repairs, legal fees, replacement costs, and medical costs. And if you don’t have the finances to cover it, it could put your business in a bad position.

If the building of your business operates is damaged by a natural disaster or an “Act of God,” it will have to be repaired. You may not be able to operate your business while repairs are being made. Business income insurance can help replace the income you’ve lost because your company is closed. This helps you pay ongoing bills, like rent, payroll, or loan payments.

If your employees get injured or sick because of their job, workers’ compensation insurance can help them. Workers’ compensation insurance can help cover your employee’s medical care if they suffer a work-related injury or illness. It can also help replace some of their lost wages, as well as provide a deceased worker’s family with a financial benefit.