Great insurance is just as important to the future of your business as the effort you put into growing and maintaining your company. Whether you are just starting out or have worked as a Wisconsin business owner for many years, you know how quickly things can change. Accidents happen in the blink of an eye, and it just takes one to change the course of your business for years to come. If your business policy is outdated or provides insufficient coverage, it may be time to hit ‘refresh’ on your insurance.
Types of Wisconsin Business Insurance
Your business insurance can be customized to address the challenges and risks you face as a business owner in your industry. Talk with your agent about a business owners policy (BOP) that can combine several common coverage types into one convenient package. Some of your coverage options include:
Liability insurance is a must for businesses, as it protects you against accidental damages or injuries that you are legally or financially liable for. When a customer slips and falls on a wet floor in your restaurant, your liability protection can help cover your financial responsibility and legal expenses if you are sued.
Workers compensation is required of all Wisconsin business owners who employ workers. If the people who work for you are injured on the job, workers compensation can cover medical bills and rehabilitative costs until they can return to work. It can also provide reimbursement for lost wages.
Property insurance is one of the most important types of coverage you can purchase for your business, as it protects your property and physical assets. From your signage and building to your equipment, inventory, and supplies, property insurance can cover you against a wide range of perils.
Commercial Auto Insurance
If you or your employees drive for business purposes, you need insurance that protects your vehicle and drivers, and also provides liability protection if your company is responsible for a collision.
Other Optional Coverage
As a business owner, you don’t have the time – or money – for setbacks. Depending on your needs and commercial risk, you may wish to purchase additional coverage to protect you and your business, such as:
- Employment Practices Liability
- Crime Insurance
- Mechanical Breakdown Insurance
- Employee Dishonesty Insurance
- Business Interruption Insurance
- Commercial Umbrella Insurance
Insurance for Restaurant and Small Retail Shops
We love supporting small businesses here in Janesville in any way that we can. We feel like no one knows your business better than you and the customers who shop in your store or eat at your restaurant. As members of the local community, we work hard to provide complete insurance solutions for restaurants and small retail shops with personalized coverage. For storefronts, that means providing insurance protection for property, inventory, point-of-sale systems, and retail fixtures, as well as general liability and workers compensation. For small eateries, that might mean providing coverage for property, expensive kitchen equipment, delivery vehicles, equipment failure, and food spoilage, in addition to liability and workers compensation. Whatever your insurance needs, you can trust that we have the coverage you need at Gary Ellis Insurance.
For more information or to request your business insurance consultation, contact our office today. We look forward to serving you and your business very soon.