Does Your Start-Up Have the Right Business Insurance?

Does Your Start-Up Have the Right Business Insurance?

Basic insurance coverage needed for your start-up.

Building a business is never an easy task. You’ve put a lot of time and effort into making sure your start-up business gets off the ground, and it’s only natural to want to protect it as best you can. Running a start-up comes with inherent risks: An employee could get injured on the job; a natural disaster could destroy property; or a client could file suit. For those and other reasons, it is important to protect the business that you have worked tirelessly to build. One of the best ways to do that is to purchase business insurance coverage.

Here are just a few coverages that your start-up should consider:

  • General Liability Insurance

General liability insurance covers third-party claims of bodily injury, property damage, and advertising injury. That means if a visitor slips, falls, and injures themselves while on your property, this coverage can step in to help cover associated expenses such as their medical expenses and legal defense if they decide to sue you for negligence.

  • Commercial Property Insurance

Commercial property insurance covers the value of a property owned by your business, such as fixtures, furniture, equipment, and the physical location. Most policies cover damage caused by fire, windstorms, hail, vandalism, theft, and more. Consider this coverage whether you’re in a small suite or a large warehouse!

  • Workers’ Compensation Insurance

This coverage is required as soon as the first employee is hired as it is designed to cover employees’ work-related illnesses and injuries. This coverage typically covers the injured employee’s lost wages and medical bills or pays death benefits to eligible survivors.

Your start-up insurance should also consider commercial auto insurance, cyber liability insurance, business interruptions insurance, among others.

Be sure you have the right insurance in hand to protect your start-up. Contact the professionals at Lloyd S. Berkett Insurance Agency for quality business insurance. We serve Los Angeles, CA and surrounding cities with reliable coverage.

Lloyd Berkett Insurance

11150 W. Olympic Blvd.
Suite 610
Los Angeles, CA 90064

(310) 857-5757
(800) BERKETT | 237-5388
Fax: (310) 857-5750

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November 27, 2013

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The Lloyd S. Berkett Insurance Agency, Inc. was founded in 1946 by Lloyd S. Berkett. Regarded as one of Southern California’s most successful, well-respected and innovative independent insurance agencies, ... Read More

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