Small Business Insurance

Most of America's workforce is employed by small businesses. These businesses can range from self-employed, at-home enterprises to construction contractors to the stores you see along any small town Main Street. Without small businesses, the country's economy would grind to a halt. Yet, despite their importance, many small businesses are overly exposed to risks. An accident involving a company vehicle can not only disrupt business deliveries, but also may lead to claims against the company. In fact, both customers and employees may bring claims against a business for a variety of reasons, from slip-and-fall accidents to alleged workplace discrimination. In addition to state and national mandates, it is because of these threats that small businesses need to protect themselves with insurance.

What Small Business Insurance Covers

AmVenture offers small businesses access to a full suite of trusted, highly-rated insurance products from reputable insurance companies. While the insurance that each business should consider will differ based on the size of the company and the type of work they do, some of the most common coverage options include:

• Workers' Compensation: In most states, workers' compensation is mandatory, although your business may be exempt if you employ a workforce below a certain size. However, even if it is not required, workers' compensation is always worth considering. If one of your employees is injured or falls ill due to a work-related incident, then workers' compensation can help cover their expenses. Furthermore, workers' compensation can prevent or limit injured or sick employees from filing claims directly against their employer for the accident or incident that led to the initial workers' compensation claim.
• Businessowners Policy (BOP): Liability claims against your business, property damage, and business interruptions can all take a large financial toll on your company. BOP coverage bundles essential insurance products to help protect your company against a range of unforeseen expenses at an affordable cost.
• Commercial Auto Insurance: Whether you have just one vehicle or a whole fleet, you will need commercial auto insurance. Personal auto insurance will not typically cover you if the insured vehicle was being used for commercial purposes. Commercial auto insurance helps cover various costs related to an auto accident in a company-owned vehicle, including property damage, medical costs, and liability claims.
• State Disability Insurance: If your business operates in California, Hawaii, New Jersey, New York, Rhode Island or Puerto Rico, then you must carry disability insurance, which can cover employees for a portion of their pay if they are temporarily unable to return to work due to a non-work-related illness or injury.
• Employment Practices Liability Insurance (EPLI): EPLI helps protect your business from the costs associated with a current or former employee bringing certain claims against your business. Such claims can relate to alleged discrimination, harassment, wrongful termination, and more.
• Cyber Liability Insurance: Cyber piracy is an increasingly major threat to both companies and their customers today. A data breach can shut down your business temporarily and expose your customers' sensitive data to hackers. Cyber liability coverage helps protect you from the costs associated with a breach.

How to Get Small Business Insurance

Contact us today to request your free quote and get more information about AmVenture's coverage options for small businesses. A knowledgeable representative will help you understand what kind of coverage is available for your business and work with you to find affordable policies designed for small businesses like your company.