Call Us 8444945487 Español ☰ ˟
Logo
phone icon

Let's Talk

(844) 494-5487

Español
  • HOME
  • Products
    • Auto
    • Homeowners
    • Business & CommercialImage of right arrow
      • Commercial Auto
      • General Liability
      • Workers Compensation
    • Life
    • Cyber Liability
    • Farm
    • Financial Services
    • Flood
    • General Liability
    • Motorcycle
    • Recreational Vehicle
    • Renters
    • Boat
  • GET A QUOTE
    • Automobile
    • Business & Commercial Image of right arrow
      • Commercial Auto Insurance Quote
      • Business Owners (BOP) Quote Form
      • Workers Compensation Quote
    • Cyber Liability
    • Farm
    • Financial Services
    • Flood
    • General Liability
    • Homeowners
    • Life
    • Motorcycle
    • Recreational Vehicle
    • Renters
    • Watercraft & Boat
  • BLOG
  • RESOURCES
    • Refer a Friend
    • Our Carriers
    • Frequently Asked Questions
    • Insurance Glossary
  • About Us
    • About Us
    • Our Locations
    • Employee Directory
    • Partners
    • Customer Testimonials
    • Privacy Policy
  • Contact
Auto and Home Icon

Auto

Receive the guidance of a local insurance agent with the convenience of an online Auto Insurance quote.

Quote Now Learn More
Business Icon

Home

Protecting your most valuable assets with the help of local agents

Quote Now Learn More
Life and Health Icon

Life

Find out which policy will help protect your family even after your gone.

Quote Now Learn More
RV and Boat Icon

Business

When it comes to your business, you need the best protection for the best price!

Quote Now Learn More
Home > Blog > 4 Ways To Know If You Should Have Business Insurance
MONDAY, APRIL 17, 2023

4 Ways To Know If You Should Have Business Insurance

All businesses have certain risks. From the moment you begin manufacturing products, hiring employees, or offering services to customers and clients, someone might sue you. In order to protect yourself and your business from these lawsuits, there’s business insurance. However, there are numerous types of business insurance, and the options can be confusing. Below, we provide the top ways to know if your business requires business insurance — and what types are right for you.finger on business 

4 Key Ways To Know If Your Business Needs Business Insurance 

1. Your Business Has A Brick-And-Mortar Location 
Insurance Needed: Property Insurance 

If you own or lease space where you conduct business, property insurance will protect you in the event an unexpected catastrophic event occurs. For example, if your business has a fire on a weekend when you’re not there and it burns to the ground, your property insurance should cover the losses you endure. Having adequate amounts of property insurance is a must. 

2. Your Business Manufactures And/Or Sells A Product Or Products 
Insurance Needed: Product Liability Insurance 

Any business that designs, manufactures, alters, and/or sells a product or products should have product liability insurance. This will cover lawsuits and possible payouts should someone sue you for property damage or personal injury caused by a defect (or so-called defect) in your product. 

3. Your Business Has Employees 
Insurance Needed: Workers Compensation Insurance 

If your business has employees, you must cover them in the event they sustain an injury on the job. This coverage will pay for an employee’s disability benefits, medical treatment, and/or death benefits if they obtain a serious injury while working. Unlike some other types of business insurance, workers compensation insurance is often required by law. 

4. Your Business Requires The Driving Of Vehicles 
Insurance Needed: Commercial Auto Insurance 

Whether your business uses vehicles for deliveries of products, human transportation, pickups, or anything else, you need commercial auto insurance. This is just like personal auto insurance, but it covers any business vehicles or personal vehicles that are driven for business purposes. 

Whether you’re just starting out with your company or you’ve been going strong for years, talk to Pitts Insurance Team about what type of business insurance may be right for you. By having the right insurance, you can avoid major problems and financial losses associated with unexpected business-related problems and/or lawsuits. 
Posted 8:56 PM

Tags: business insurance
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2023
  • 2022
  • 2021
  • 2020

  • insurance(6)
  • coverage(6)
  • auto insurance(5)
  • life insurance(4)
  • bop(4)
  • home insurance(4)
  • policy(3)
  • flood insurance(3)
  • business(3)
  • business owners policy(3)
  • homeowners(2)
  • cyber liability insurance(2)
  • commercial(2)
  • business insurance(2)
  • liability(1)
  • life(1)
  • credit(1)
  • premiums(1)
  • owners(1)
  • rates(1)
  • boat(1)
  • terms(1)
  • damage(1)
  • restorative(1)
  • cyber(1)
  • high value home insurance(1)
  • cyber security(1)
  • car(1)
  • cyber insurance(1)
  • security(1)
  • cyber liability(1)
  • water(1)
  • small(1)
  • projects(1)
  • flood(1)
  • costs(1)
  • watercraft(1)
  • contents(1)
  • auto(1)
  • score(1)

View Mobile Version

Contact Us Today!
844-494-5487

Social Social Social Social Social Social

Resources

Get a Quote
Payment / Claims
About Us
Refer A Friend
Our Carriers
Blog
Contact Us

Locations

Salisbury

1203 Pemberton Dr.
Salisbury, MD 21801

Ph: (410) 742-8240

Millsboro

400 Delaware Ave 103
Millsboro , DE 19966

Ph: (302) 934-1502

Delmar

10977 State St. 1
Delmar, DE 19940

Ph: (302) 846-3113

Seaford

22937 Sussex Hwy.
Seaford, DE 19973

Ph: (302) 629-5140

Raleigh

Raleigh, NC 27603
Ph: (410) 742-8240
© Copyright. All rights reserved. | Powered by Insurance Website Builder