Auto Icon

Auto

We browse through a wide variety of coverages and find the right one for you.
Get a Quote
Home Icon

Home

We browse through a wide variety of coverages and find the right one for you.
Get a Quote
Business Icon

Business

We browse through a wide variety of coverages and find the right one for you.
Get a Quote
Workers' Comp Icon

Workers' Comp

We browse through a wide variety of coverages and find the right one for you.
Get a Quote
Flood Icon

Flood

We browse through a wide variety of coverages and find the right one for you.
Get a Quote
RV & Boat Icon

RV & Boat

We browse through a wide variety of coverages and find the right one for you.
Get a Quote
Home » Business Insurance

Business Insurance

Business insurance plays a vital role in safeguarding organizations. Unforeseen accidents can happen any time, causing significant disruptions and incurring substantial costs for recovery. By having business insurance, you can effectively minimize out-of-pocket expenses when dealing with covered incidents. However, choosing the appropriate coverage can be a complex task. At RM Bush and Company, we are dedicated to assisting you in navigating the selection process, providing expert guidance every step of the way.

What Types of Coverage Can Be Included in a Business Insurance Policy?

Although the business insurance needs of companies may vary significantly based on industry or circumstances, several forms of coverage may be advisable for most. As your organization assembles its business insurance portfolio, consider the following coverages:

  • General liability insurance—This coverage can provide financial assistance if your business is responsible for the losses of a third party, such as a customer or guest, and may help pay for medical bills, property damage and legal costs arising from lawsuits.
  • Business property insurance—This coverage can help pay for losses involving your organization’s property (e.g., structures, electronics, equipment, furniture and inventory) from covered perils.
  • Business interruption insurance—If a covered event forces your company to pause or temporarily alter its normal operations, this coverage, also known as business income insurance, can render financial aid for recurring expenses and lost income.
  • Workers’ compensation insurance—If your employees suffer work-related injuries or illnesses, this coverage can help pay for medical treatment, lost or reduced wages, vocational rehabilitation, disability and death benefits.

The following are additional policy options that an insurance provider may recommend:

  • Cyber liability insurance
  • Commercial auto insurance
  • Commercial umbrella insurance
  • Professional liability insurance
  • Directors and officers insurance
  • Product liability insurance
  • Employment practices liability insurance

What Factors Affect the Cost of Business Insurance?

The price of suitable business insurance can differ significantly even among seemingly similar organizations. This variation arises from insurance companies evaluating numerous factors specific to your company to determine your premiums. Typically, this assessment involves considering the following criteria:

  • Industry type
  • Geographical location
  • Number of employees
  • Assets and revenue
  • Claims history
  • Details of your insurance portfolio (such as included coverages, policy limits and deductibles)

Get the Right Coverage

At RM Bush and Company, our team is well-equipped to help your business assess and address its coverage needs. Contact us today to get started.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

©2024. All rights reserved. | Powered by Zywave Websites