Are you searching for insurance to cover your business? Before you get started with your new policy, make sure it includes at least the three basic coverages outlined below.
Coverage For Your Employees
Employers are required to carry workers compensation insurance in Los Angeles. Even if you only have one employee, workers compensation is a necessity as it protects both your employee and your business. In case of a work-related injury or death, payments for any resulting medical or legal fees will be covered.
Coverage For Your Business
General liability insurance comes with two types of coverage – bodily injury and property damage. Bodily injury covers any instances where one of your employees or product causes injury or death to a non-employee, while property damage covers any losses due to an employee damaging your property as a result of work-related activities.
Coverage For Your Property
Commercial property insurance covers your physical equipment, structures, and data against losses. Whether due to a natural disaster or theft, the repair or replacement costs of lost items will be covered.
Whether you’re searching specifically for workers compensation insurance in Los Angeles or other forms of insurance coverage, keep in mind that your specific business needs should dictate your final decision. However, with these three coverages, the majority of your coverage needs will have been met.