Anyone who runs a business understands that they’re likely to face a few risks in running day-to-day operations.
A whole host of accidents and injuries can occur – affecting both customers and staff. Natural disasters or human errors can cause property damage, resulting in a temporary loss of trading – even business closure. Unfortunately, these incidents can sometimes result in legal action, which is costly and time-consuming for everyone involved.
It doesn’t matter how well prepared a company is for any such event, incidents can still arise that are beyond anyone’s control. What any good business owner can do is help to insure themselves against the kinds of financial issues that arise when disasters and accidents occur.
An established, reliable insurance provider such as biBerk can assist with all of the above (and much more). As part of the Berkshire Hathaway Group, they’ve spent decades focusing on providing exceptional business insurance to companies needing to protect their assets and look after their staff.
Here’s a comprehensive review of all the different forms of business insurance coverage that biBerk offers – including who can benefit from them – and crucially, what you don’t necessarily need to invest in.
Business insurance isn’t a ‘one-size-fits-all’ policy
There are a whole host of insurance companies out there and they all offer business insurance in different forms. Sometimes, deciding what’s needed and when can seem like a complicated process.
Some companies favor a simple approach. They’ll purchase one policy that covers all the individual risks they might face. This can work well for some, but it might not be the right option for others.
The team at biBerk recognizes that it’s better to offer a few different types of policies – each providing coverage for specific types of business risks. Individuals can decide what suits them best and tailor coverage to their specific needs.
Considering a range of business insurance options
It’s worth taking time to research all the different kinds of policies offered by biBerk. Why might a company choose separate policies instead of one blanket policy? Many business owners find that they can customize their coverage – meaning they can pay for what they need.
A general liability insurance policy covers many companies for most of the common risks they face. For businesses with employees, workers compensation insurance is essential. However, it’s worth pointing out that in some cases, solopreneurs may benefit from this form of insurance too.
Customer-facing businesses may want to invest in professional liability insurance – it covers professional errors. E&O (or errors & omissions) is another name for the same type of coverage.
For companies that own or lease vehicles, commercial auto insurance is a must-have to ensure cars, vans, and trucks are covered in the event of accidents. Commercial umbrella insurance can offer extra coverage once a liability policy has reached its limit. Perhaps one of the most sought-after and non-negotiable policies these days is cyber insurance to protect businesses from the effects of cyber attacks.
A simplified business insurance process that offers maximum protection
Deciding to purchase small business insurance of any kind is a big step. You may have questions surrounding the type of policy and coverage that’s needed.
That’s why biBerk has simplified the process – saving business owners time and money – and providing quick coverage. All their insurance policies are available to purchase online, and you can get instant quotes so you know what you’ll pay. It’s never been easier to get comprehensive coverage that aligns with most budgets – no matter how tight.
Business insurance costs will vary depending on how many policies are taken out, the size of the company, and the number of employees. biBerk offers competitive rates, and in many cases, can cut the cost of existing policies. They can do this because they don’t use agents or brokers, so savings can be passed on to customers.
A business insurance policy isn’t a guarantee that accidents or other incidents won’t happen – no one can predict the future, after all. However, many business owners have worries about how best to support themselves and their employees when issues arise.
Business insurance coverage provides peace of mind so that if the worst happens, it reduces the impact on company finances and day-to-day operations.
Comprehensive insurance coverage from biBerk offers a way for companies to protect their operations and look after their employees.
Members of the editorial and news staff of the Daily Caller were not involved in the creation of this content.