Insurance Protection for Your Company – Business Insurance
What is the largest sector in the U.S. economy? Small business. Protect your business with a policy from Wenner-Davis & Associates Insurance. As a fellow small business, we understand the sacrifices required to run a small business. With a policy from Wenner-Davis & Associates Insurance, you worry less about your business insurance coverage and more about growing your small business.
We offer insurance coverage for:
- General Liability Insurance
- Business Owners Insurance
- Commercial Property Insurance
- Worker’s Compensation Insurance
- Commercial Umbrella Insurance
Business insurance protects your investment by minimizing financial risks associated with unexpected events such as a death of a partner, an injured employee, a lawsuit, or a natural disaster. Unless you are an employer, business insurance is generally not required by law, however, it is common practice to purchase enough insurance to cover your assets. If your business is an LLC or a corporation, your personal assets are protected from business liabilities; however, neither business structure is a substitute for liability insurance, which covers your business from losses. To learn more about small business insurance, review the information on www.sba.gov
Frequently Asked Questions about Business Insurance
What type of business insurance do you need?
The type of business insurance you need depends on what you’re doing. For instance, a web designer probably doesn’t need a commercial auto policy but does need a Professional Liability Policy. While a contractor has no need for Professional Liability but does need commercial auto. The best way to determine what coverage your specific business needs is by talking to a licensed agent.
What insurance is required to run a small business?
Owning a small business is an amazing achievement. Insuring it correctly is critically important. Your insurance needs depend on what your small business does. Some businesses can get away with minimal coverages while others need very comprehensive coverage for more complex businesses. Talk to an agent for advice on what types of coverage your business needs.
How much does business insurance cost?
The cost of business insurance varies tremendously based on what coverage you need. Professional Liability for instance may only be $150 a month while commercial truck insurance may cost upwards of $5,000 a month. The only way to know is to get a quote from a licensed insurance agent.