When business is going well, the last thing a business owner wants is an accident or some other misfortune putting everything at risk. However, the fact that there will always be surprises is no surprise. It is important to remember that accidents or other ruinous events are always a possibility. Getting the proper insurance you need to protect your business and your assets is a great way to cover your assets in the case of any misfortune. Here are three common areas you should make sure your business is always insured against.
Injuries on the Premises
No matter how hard you strive to teach occupational safety or establish a safe work environment, unanticipated accidents can occur. Something could befall a worker or even a patron to your business. If an accident happens on your premises, you could be held financially responsible. Medical bills for accidents can become incredibly expensive, and you’ll want to be insured for this if such event occurs. Make sure that you have sufficient coverage for any accidental event that could occur on your property.
Fire Hazards
Once a workplace is up and running, fire safety should always be one of the top concerns. As they say, an ounce of prevention is worth a pound of cure, and that is definitely the case with fire protection. All companies have elements to their facility that pose a fire risk, and it is crucial that these be addressed from the start and brought up to current fire codes. Fire safety is critical because of the damage fire can cause to businesses and productivity. Even with state-of-the-art smoke detectors and fire sprinkler systems in place, however, a fire could be just a lightning strike away. Be ready for that possibility with sufficient fire coverage that covers the entire premise (don’t forget business personal property!) and all business operations.
Lawsuits
Unfortunately, we live in a very litigious society. Within a business there is always the risk of being sued by an unhappy customer or a disgruntled employee. In addition to that, you may be compelled to initiate a lawsuit for any libelous or slanderous attacks against you. Lawyers’ fees are quite steep and accumulate very quickly, which can put your business at risk. Prepare yourself for that unhappy possibility and insure your business against any possible litigation.
Your business is your bread and butter and so much more! Likely, you have put blood, sweat, and tears into building it up, so don’t let an unforeseen event take it all away from you. The Florida Business Insurance experts at Harris Insurance can help you keep your assets covered. If you carefully plan and prepare for the worst case scenarios, then you can rest easy knowing that your company, your assets, your workers, and your patrons are protected.
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LEGAL DISCLAIMER
Views expressed here do not constitute legal advice. The information contained herein is for general guidance of matter only and not for the purpose of providing legal advice. Discussion of insurance policy language is descriptive only. Every policy has different policy language. Coverage afforded under any insurance policy issued is subject to individual policy terms and conditions. Please refer to your policy for the actual language.
