Types of Business Insurance You Never Knew Existed

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Business Insurance Oakley CA

Your company may need more than the bare-bone business insurance.

Insurance coverage is available for every conceivable risk your business might face. While many companies search for the insurance that will protect them from slip-and-fall claims and the occasional office fire, there are more coverages available that provide optimum coverage.

Here are a few types of business insurance you never knew existed, and where your coverage may be failing!

Employment Practices Liability Insurance (EPLI)
This covers liabilities that may arise in the employment process. Claims of employment and unfair dismissal, discrimination, sexual harassment, or other civil or legal rights can be covered. EPLI insurance can cover the trial for which the insured is responsible, as well as other legal defense costs.

Terrorism Insurance
Insurance against terrorism can be written in the database of commercial property or other commercial insurance policies. This can protect your company from loss and damages due to a terrorist attack – not a bad move in today’s uncertain society.

Cyber Liability Insurance
This insurance is designed to protect your business from online threats. Should your company’s digital data get hacked or leaked, you can fall back on this insurance to support the clean up costs, repair expenses, and reputation recovery.

Business Interruption Insurance
If your business gets put on pause for a reason that is out of your hands, such as a natural disaster, this insurance covers the loss of income that your business will suffer. If your building is going to take a certain amount of time to rebuild, you won’t have to worry about the financial loss.

Now that you know where your company may be lacking coverage, talk to your business insurer to secure the policy suited for your needs and budget. Visit the commercial insurance professionals at Agers Insurance Services in Oakley, California to get started today.