What types of insurance do I need to have to protect my business against liability claims?
Employers' liability insurance, which protects you against potential accident or injury claims made by your employees, is legally required for all businesses with employees. You may also want to consider business liability insurance, which covers you against claims related to personal injury or property damage resulting from your business or its products. Your best bet would be to check with business insurance providers and compare their offers to get a better sense of what your particular situation calls for. A business insurance provider will examine the specific risks your business faces and take into account your business’s size, type of operation, turnover, previous claims, how long you’ve been in business, and the number of people you employ and use that information to put together a comprehensive insurance package for your business.