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As a business owner, you probably have plenty of assets, from equipment and inventory to furniture and office space that you need to protect. If something happens to your business’ property or if one of your employees becomes injured on the job, you must have insurance that covers all of your losses so that you can get back up and running as soon as possible. We’ve evaluated the best business insurance providers based on coverage, financial stability, customer satisfaction, and the overall quality of your assistance.
Next Insurance leverages AI technology to streamline the process to purchase insurance, track claims, and manage policies at no additional cost.
Simply Business provides insurance policies for a range of professions and small businesses.
For more than 200 years, the Hartford Insurance helped over 1 million businesses just like yours.
Coverwallet began its journey in New York City in 2015 operating under the Aon Insurance banner. At Coverwallet, you can access everything you need to keep your company well-protected at an unbeatable price.
With a 100-year history of insuring businesses, Hiscox is well-known across America and globally. With more than 500,000 small business customers, Hiscox is fully aware and trained in the unique risks a business can face.
Thimble provides business insurance that can be tailored to your business by the year, month, day, or even the job. At Thimble, the process to getting the right business insurance is simple, scalable, and flexible.
In Missouri, businesses must carry a minimum amount of workers’ compensation insurance coverage. This helps provide benefits to employees who were hurt while on the job.
What is workers’ compensation insurance in Mississippi?
Workers’ compensation in Missouri covers medical costs and lost wages for employees injured or made ill due to their employment. Workers’ compensation also covers employee rehabilitation and retraining costs, as well as death benefits for surviving family members if the illness or injury leads to death.
The content of your business insurance policy depends on your company, but most policies include:
General liability insurance is a coverage that can help protect you from various claims, including bodily injury, property damage, personal injury, and others that can arise from your business operations. For example, A client visits your office and trips over a box you left in the entryway. Business liability insurance could help with medical costs if your client sued you for his injuries.
General Liability insurance does not cover any errors or omissions in the work you perform and professional mistakes; If you make a mistake with the job you were hired to do, like installing a faulty electrical system.
If one of your employees gets hurt on the job, workers’ compensation pays for their medical care and some or all of their lost wages while they’re recovering. That’s important because it gives them money in hand while they’re out sick or injured instead of forcing them to go through the court system to get compensated for medical bills and lost wages.
Workers’ compensation insurance does not cover business vehicle accidents, automobile accidents, or construction defects. Most workers’ compensation policies also exclude intentionally self-inflicted injuries and injuries sustained when the employee is under the influence of drugs or alcohol.
If you’re sued, this covers your company because a product you made or sold caused harm to someone. For example, let’s say you manufacture and sell children’s toys. A child gets injured while using one of your toys, and the parents sue you. Product liability insurance would cover the cost of defending the lawsuit and damages if you’re found liable.
Here are some things product liability insurance does not cover:
This covers lost income if a covered peril causes your business to temporarily shut down — for example, if a fire in adjacent building forces you out of your office for several months. Since many businesses can’t afford to operate without any income, this is an important type of coverage for many companies.
However, it’s important to note that business interruption insurance does not cover everything. Here are three exclusions:
Commercial Auto insurance protects vehicles used in business operations, such as cars, trucks, and vans. If a covered accident occurs, Commercial Auto insurance may provide coverage for physical damage and bodily injury caused by a collision with another vehicle or object and damage caused by something other than collisions, such as fire, theft, or vandalism.
Commercial Auto insurance does not cover:
Here are five factors that affect business insurance prices:
Here are some tips to help you choose the right business insurance: