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Business Insurance You Need but May Not Even Know It

By July 28, 2017May 21st, 2020Insurance

Business Insuance

Business insurance is designed to protect your business from unknown accidents and losses.  Many businesses many not take the time to understand many of the unique risks they might have.  That is why an agent can help you not only understand your risk but develop and design a program to address your risks.

Did You Know?
Many business professionals many not have thought of these coverages, but they should.

Cyber Liability Insurance can be added to your program to cover the costs associated with customer notification and recovery of hacked data.  If you store data, including private information on computers, use e-mail, generate revenue online, or use your computer to control production, manufacturing, or inventory, your company is at risk!  In short, any business not making a serious effort to protect personal private information is seriously out of step with the emerging landscape of privacy law.

Employment Liability Insurance provides protection for an employer against claims made by employees, former employees, or potential employees.  It can cover discrimination (age, sex, race, disability, etc.), wrongful termination of employment, sexual harassment, and other employment-related allegations.

Professional Liability Insurance pays for damages caused by services.  It is also called “errors and omissions” coverage.  This insurance is for companies that market a service instead of a product, just as professionals in medical clinics must have medical malpractice coverage.

Directors and Officer’s Liability Insurance helps protect your business, owners, executives, and managers, if individuals, competitors, third parties, or government regulators make claims.  A lawsuit against directors and officers most commonly occurs when shareholders (private or public), clients, competitors, or others feel they suffered a loss in the value of their shares because of actions that the board or senior management took or did not take.

At Emerge Insurance Agency, we can design an insurance program package to meet your company’s property and liability needs.  Our goal is to provide you with the best possible combination of coverage, price and service.