Protect Your Business From Unexpected Loss
Kyle Insurance offers a wide range of coverage for your business property, business assets, worker’s compensation, and liability. Let us help protect the business you’ve work hard to build. Accidents, natural disasters, and lawsuits could ruin your business without the right coverage. Give us a call today or use the form on this page to get a Free, No Obligation Quote.
Business Insurance Basics
Most businesses need to purchase at least the following four types of insurance:
1. Property Insurance
Property insurance compensates a business if the property used in the business is lost or damaged as the result of various types of common perils, such as fire or theft. Property insurance covers not just a building or structure but also the contents, including office furnishings, inventory, raw materials, machinery, computers and other items vital to a business’s operations. Depending on the type of policy, property insurance may include coverage for equipment breakdown, removal of debris after a fire or other destructive event, some types of water damage and other losses.
2. Liability Insurance
Any enterprise can be sued. Customers may claim that the business caused them harm as the result of, for example, a defective product, an error in a service or disregard for another person’s property. Or a claimant may allege that the business created a hazardous environment. Liability insurance pays damages for which the business is found liable, up to the policy limits, as well as attorneys’ fees and other legal defense expenses. It also pays the medical bills of any people injured by, or on the premises of, the business.
3. Commercial Vehicle Insurance
A commercial auto policy provides coverage for vehicles that are used primarily in connection with commercial establishments or business activities. The insurance pays any costs to third parties resulting from bodily injury or property damage for which the business is legally liable up to the policy limits.
4. Workers Compensation Insurance
Employers have a legal responsibility to their employees to make the workplace safe. However, despite precautions, accidents can occur. To protect employers from lawsuits resulting from workplace accidents and to provide medical care and compensation for lost income to employees hurt in workplace accidents, in almost every state businesses are required by law to buy workers compensation insurance.
In addition to the four main types of business insurance a business may want to consider additional, specialized or added coverage. We also offer these types of policies: Flood Insurance, Garage Service Insurance, Landlord Insurance, Rental Dwelling Insurance, Trucking Coverage Insurance, Umbrella Insurance and Vacant Dwellings Insurance.