What You Need to Know Before Buying Business Insurance

​Business insurance will save your small business from trouble. It will also help you protect your financial assets, intellectual as well as physical properties. It even covers worker’s compensation for employee’s injuries and illnesses obtained during work. But there are things to know before buying business insurance. Read on to know more!

Professional insurance agent
The most important thing to remember is that you must have a reliable, professional insurance agent. In case of emergencies like income loss, theft, lawsuits, accidents, if these are covered, then your licensed insurance agent will know what to do. 

Your Insurance Company
For you to know if your insurance company is good, your insurance policy must be marketed to some of the best companies in your business industry. Of course! Not all insurance companies are the same, the best offer more than others.

Insurance Coverage
Property Insurance coverage for your business should have the basics of coverage. 

• Workers’ Compensation - When an employee gets hurt due to a work-related injury or illness, it will help you to protect your business from the high cost of medical bills, long-term treatments, possible new training, and transitional work requirements. This coverage could very well keep your business from losing everything. 
  
  
• Business Auto - It helps your business cover the agreed finances from an auto accident if you or an employee is at fault. This type of insurance helps you pay for medical expenses as well as damaged properties – even in a fatal accident.
  
  
• General Liability Insurance - It covers your business from bodily injury, property damage, and even personal injury claims that could put your business in trouble. For example, a lawsuit was filed against your company; this insurance will be helpful.
  
  
• Professional Liability Insurance - Professional liability insurance helps cover you and your company if you are found negligent in the expert services you provided.
  
  
• Data Breach / Cyber Liability Insurance - In the case of a data breach, quick action is essential to restore your client’s confidence in your business. This type of insurance can cover costs like liability, identity protection solutions, notification, legal, and more depending on the plan.

At Old Bay Insurance Agency, Inc, we aim to provide comprehensive insurance policies that make your life easier. We want to help you get the insurance that fits your needs. You can get more information about our products and services by calling our agency at (410) 777-5390. Get your free quote today by CLICKING HERE.