3 Types of Business Insurance Types That You Had No Clue Existed
Protect your business with these business insurance policies you had no idea existed.
Protect your business with these business insurance policies you had no idea existed.Insurance is one of those pesky things that entrepreneurs hate thinking about because they’d rather spend their time on ways they can improve on their business. Most business owners know of the basic insurance types like liability, commercial property, etc. These policies however, are like stones in a cup, leaving gaps and not filling the cup entirely. Here are 3 business insurance types that you didn’t know existed that could help you fill in those gaps in your insurance coverage.
- Income Stabilization Weather Insurance
Most people already know about the natural disaster policies that cover businesses in case of the major disasters like hurricanes, floods, blizzards, and those big ones. But, businesses small can be affected without the rise of major weather events—especially those businesses that depend on foot traffic. This type of insurance offers greater cash flow should a business suffer from the unpleasant weather patterns and lose business.
- Cyber Liability Insurance
Almost every business these days has some sort of digital presence that could result in significant liability. Any company that stores information from businesses could find themselves in a heap of trouble should an experienced hacker steal the data. Even if your data isn’t stolen, your internal network can severely mess up productivity. This insurance covers your business from such attacks.
- Business Life Insurance
Most businesses have that one person that’s irreplaceable. Especially when it comes to small and growing businesses. If that employee, CEO, or lead salesperson were to unexpectedly pass away, finding a new qualified employee and training them could be costly. This insurance covers your business to stay afloat.
Protecting your business against all dangers will ensure that your business has the best chance of staying open. When looking for the perfect business insurance package to offer your California business, contact the independent insurance professionals at Remland Insurance in the City of Orange.
