A business insurance claim can be made to cover the following.
Injury to Customers
Customers may become injured at your business as a result of any number of factors. Trips, falls, cuts and broken bones can all happen in a single instant. In this event, the individual may need hospital care and may be out of work for a period of time while he or she recovers.
Worker Injury
Even with proper precautions in place, a worker can become injured during his or her shift. When this happens, workers compensation can cover a large portion of expenses but any remaining amount may be the responsibility of the business owner.
Business Property Damage
Your business may have thousands of dollars’ worth of equipment on site. Some of this equipment may include manufacturing machines, freezers, conveyor belts or vehicles. Damage to even one of these pieces of machinery can equate to hundreds of thousands of dollars in repairs.
Damage to Customer Property
Depending on the type of business you run, customers may have their own machinery or vehicles on site. A single dent or ding can cost a hefty sum of money to fix. The right insurance policy can cover these costs.
There are many ways for accidents and mistakes to take place at your place of business. For this reason, it is important to have the right insurance policy to cover the costs.
