2 Common Business Insurance Mistakes
No Business Liability Insurance
California Business Liability insurance provides an added layer of liability coverage over your auto insurance, your general liability, and a part of your workers’ compensation policy called employer’s liability. Almost every business should have an umbrella policy.
It’s catastrophic coverage when someone sues you for bodily injury and property damage if, for example, a car accident caused by an employee kills several people. The premiums are usually low, relative to your overall insurance costs. Inexpensive coverage for accidents that can wipe out your business.
No Employment Practices Insurance
Wrongful termination, employment discrimination, sexual harassment. All these are lawsuits brought by employees (or potential employees) against their employer. Premiums have moderated and coverage has improved.