What’s Protected under a Business Insurance Policy?
When considering a business insurance policy, understanding the different types available to you and knowing what is protected are main factors for decision-making. Although there are a number of options, they may not all apply to your business model, or may not cover everything you need to have covered. Some of the main business insurance policies include: 
- General Liability: This is a standard policy that should cover legal issues occurring due to accidents, negligence claims and injuries.
- Professional Liability: This policy should protect your company against errors, malpractice and other omissions.
- Commercial Property Insurance: This type of policy should protect your interests in regards to losses and damage of company property. There are a number of events that fall under this umbrella, including theft, vandalism, fire, smoke, wind and others based on the insurance company. Company property could include structures and equipment. Generally, it includes all items needed to keep business operations running. This type of policy may also have provisions for temporary relocations.
- Product Liability: This policy should provide protection against financial losses in the event of a product defect that causes harm or injury.
- Home-Based Business Insurance: This policy should protect your business based out of the home with the same coverages that would be warranted if in a brick-and-mortar facility.
These are the main business insurance policies generally used when seeking coverage for businesses. There are also other policies available, such as commercial auto insurance and other specialty protections. It is important to seek assistance from an insurance agent to determine what your needs are and what would be covered under your policy.
Are you covered? Call Overbay Insurance Services at 828-452-4699 for more information on Waynesville business insurance.