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Business insurance is crucial for safeguarding vital assets like business property and income. Additionally, it offers programs to aid injured workers in returning to work and assists in covering lost wages. Commercial insurance policies play a vital role in shielding businesses from financial losses arising from liability claims, including events like data breaches.

 

Essential Business Coverages

Essentially, a comprehensive business insurance solution serves to safeguard a company's property, income, and financial assets. Small businesses opting for a business owner's policy benefit from extensive protection encompassing commercial property, general liability, and business income coverage, all within a single business insurance policy.

 

Commercial property insurance – The majority of businesses possess a significant amount of tangible assets, which may encompass one or multiple locations, tools, computers, inventory, and even accounts receivable. Commercial property insurance is designed to assist in mitigating the financial impact of the loss of these assets in the event of damage or destruction caused by a covered incident.

 

General liability insurance – Regardless of how vigilant businesses are, accidents can still occur. For instance, a customer might unintentionally sustain an injury in a company's store, or employees may accidentally damage customer property while working on-site. General liability insurance plays a crucial role in shielding businesses from liability claims, including those related to bodily injury, property damage, or even advertising mistakes.

 

Business income insurance – Businesses depend on various types of property to operate and generate income. In the event of a covered loss such as a fire or theft leading to a suspension of business operations, business income insurance becomes instrumental in replacing the income lost due to the covered event.

 

Tailor Your Business Insurance with an Array of Options

Your business is distinct and warrants coverage tailored to the specific risks it encounters. This is why we provide a diverse array of options, enabling you to personalize your policy with coverage endorsements that cater to your unique requirements. Some favored choices include:

 

Data breach coverage – The threat of data breaches looms over most businesses. Data breach insurance proves valuable by compensating for lost income in the event of a temporary business shutdown due to a breach. Additionally, it assists in covering the expenses related to managing the breach. Opting for data breach coverage from The Hartford goes beyond financial support, providing businesses access to assistance in crafting policies and implementing best practices to prevent breaches from occurring initially.

 

Workers’ compensation – If an employee experiences a workplace injury or illness, workers' compensation insurance can cover the corresponding medical costs and provide compensation for the employee during their recovery period from a work-related injury or illness. In numerous states, having this coverage is mandatory if you have employees.

EPLI (Employment Practices Liability Insurance) – This insurance product offers protection to employers facing claims made by employees, encompassing allegations of discrimination (related to factors like sex, race, age, or disability), wrongful termination, harassment, and other employment-related issues such as failure to promote. Small businesses, in particular, are often more susceptible to employment claims.

Client Benefit Insurance Services is committed to providing a website that is accessible to the widest possible audience, regardless of circumstance and ability. We aim to adhere as closely as possible to the Web Content Accessibility Guidelines (WCAG 2.0, Level AA), published by the World Wide Web Consortium (W3C). These guidelines explain how to make Web content more accessible for people with disabilities. Conformance with these guidelines will help make the web more user friendly to everyone. Whilst Client Benefit Insurance Services strive to adhere to the guidelines and standards for accessibility, it is not always possible to do so in all areas of the website and we are currently working to achieve this. Be aware that due to the dynamic nature of the website, minor issues may occasionally occur as it is updated regularly. We are continually seeking out solutions that will bring all areas of the site up to the same level of overall web accessibility.If you have any comments and or suggestions relating to improving the accessibility of our site, please don't hesitate to contact our accessibility coordinator Brett Welty by phone at 858-569-1000 or by email at bwelty@cbisusa.com. Your feedback will help us make improvements.

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