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What does business insurance cover?

By October 18, 2022December 15th, 2022Insurance

Business insurance typically covers a wide range of risks that businesses may face, such as accidents, injuries, property damage, and lawsuits. The specific risks that are covered by business insurance will vary depending on the type of policy and the coverage limits.

Some common types of risks that may be covered by business insurance include:

Accidents and injuries that occur on the business’s property, or from the business’s products or services.
Damage to the business’s buildings, equipment, and inventory.
Loss of income and extra expenses incurred by the business when it is unable to operate due to a covered event, such as a natural disaster.
Claims arising from mistakes or failures to perform the business’s professional duties.
Medical expenses and lost wages for employees who are injured on the job.

In general, business insurance can provide financial protection for businesses against a wide range of risks, and help businesses manage the financial impact of unexpected events. It is important for businesses to carefully assess their risks and consult with an insurance professional to determine the right coverage for their needs.

Why Fortis?
 
As an independent insurance agency invested in and committed to improving the customer experience, Fortis Insurance Partners is making it quick, easy, and affordable to get the right insurance coverage.
 
 
The information on this page should not be construed as specific legal, HR, financial, or insurance advice and is not a guarantee of coverage. In the event of a loss or claim, coverage determinations will be subject to the policy language, and any potential claim payment will be determined following a claim investigation.