Searching for insurance can be a challenge for new business owners. The many coverage options and unfamiliar terminology can make it quite confusing. Luckily, there are plenty of Connecticut insurance companies who are prepared to help you get the perfect coverage that matches your needs. In the meantime, here are two of the most important coverages that you should plan to include in your new policy.
General Liability Insurance
There are several forms of liability insurance, but general liability is the most popular and serves as a foundational component of your policy. It protects you against lawsuits arising from a third party experiencing bodily injury or property damage because of your business. With this coverage, your policy will pay for legal fees and other expenses for which you’re found liable.
Property insurance protects your business in case your property becomes damaged or lost because of an act that’s out of your control. Your policy will pay to repair or replace your covered items including your building, equipment, furniture and electronic data, and they’re covered for events such as fires, certain storms, vandalism and theft.
Other coverages may be required depending on your company structure and local regulations. Contact one of the many Connecticut insurance companies for assistance with creating the policy that’s right for you.