Thousand Oaks Insurance Agent Releases 'How Insurance Helps Business Control Risk'
Most business managers know that liability insurance and Workers Compensation make good business sense and are often required to conduct business.
Because protecting business against a variety of risks is absolutely necessary for a business to be successful, it is smart to assess the risk exposure to your business. An experienced insurance agent can help.
The risks that businesses can encounter include:
- Being sued, for just about any reason, including discrimination, sexual harassment and unfair labor practices
- Property loss or damage due to theft, fire or natural or man-made disaster
- Loss of income due to business interruption for a number of reasons
- Loss of leadership or productivity due to the death or incapacitation of a key employee
- An interruption to the supply chain for any reason
The types of insurance available to help businesses of all sizes, from a sole proprietorship to large established corporations minimize risk include:
- Commercial liability and professional liability that helps businesses survive legal actions that claim the business has been negligent or made an error or omission.
- Auto insurance for business and commercial fleets protects from the risk of traffic accidents, property damage and personal injury
- Worker's compensation helps protect employees and the business from the high cost of workplace injuries.
- Employment practices liability protects a business from the legal costs resulting from allegations of discrimination, wrongful termination, or sexual harassment.
- Disability insurance helps cover income when someone is unable to work due to injury or illness.
- Loss control protection against some of the most common causes of business losses
-
Key Employee Insurance helps protect against business loss if a skilled and experienced key employee dies unexpectedly. - Completed Operations Liability can protect your business against legal costs due to bodily injury or property damage that might occur after a project is completed.
In addition to practical insurance coverage that protects against financial loss, other insurance such as group life insurance can be of value.
Flexibility is critical and insurance that is easily scaled from start-up through the various stages of growth is not only cost-effective, but it is also sound business practice. An insurance agent, such as
Cary Runnells State Farm Insurance Agent
100 E T O Blvd Suite 144
(805) 496-1951
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