Do You Have The Business Insurance You Need?

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Pamphile Insurance Brokerage, LLC
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Do You Have The Business Insurance You Need?

• If youre running a business, the last thing you
  want to worry about is whether or not you have
  enough insurance to pay your employees if theyre
  injured on the job, cover the cost of your stock
  and equipment if its damaged in a fire or even
  protect yourself from an accidental liability
  lawsuit from one of your customers. Without
  adequate business insurance, however, thats
  precisely what you have to worry about every day.

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Business Liability Insurance

• If youre starting a business, you may not know
  how to set up your insurance or where to start.
  Liability insurance helps protect you against
  potential lawsuits that could harm your finances
  or professional reputation. Be sure to get enough
  liability coverage so that if theres a lawsuit
  because of an accident caused by your
  companyeven one unrelated to your
  businessyoull have sufficient insurance
  protection in place to cover whatever costs are
  thrown at you.
• Also, be sure that whatever coverage you have has
  an appropriate amount of liability limits while
  having too much liability is always wrong, having
  too little could jeopardize your entire financial
  future. Ensure you have suitable
  businessinsurance before beginning operations.
  Dont risk being held responsible for accidents,
  injury or theft incurred during regular business
  activities. Without proper precautions, most
  small businesses will go out of business within
  six months after their inception date! It doesnt
  matter whether your small business is based
  online or through physical office space.
• At some point, somebody will be hurt on your
  property, somebodys stuff will disappear from
  under their eyes, and somebody might accidentally
  slip and fall on something they shouldnt have
  walked on or tripped over. With all these
  foreseeable problems with potential pitfalls
  associated with them, it pays to invest time and
  money into getting yourself organized correctly!
  Doing so can keep you safe from mishaps arising
  from negligence with your brand new venture.

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Workplace Injury Coverage

• If you own a physical business, you must have
  property damage liability coverage. Not only does
  your business have to worry about damage to its
  premises, but it also has to think about the
  damage done by its employees, contractors and
  customers. If someone gets hurt on your property
  or damaged, you could be liable for damages even
  if it wasnt your fault. Businesses are often
  subject to lawsuits no matter how careful they
  are because people are always looking to make
  money off of others mistakes.
• Having property damage liability coverage ensures
  that if anyone files a lawsuit against your
  company for any reason, youll be able to cover
  their costs out of pocket, so you dont have to
  go through massive amounts of trouble with
  litigation. This coverage can help prevent huge
  cash flow problems within your business by
  enabling you to pay claims without disrupting
  income. Other types of businessinsurance are
  necessary, including product liability insurance
  which protects you from being sued if someone
  misuses one of your products and causes harm to
  themselves or others.
• Business owners should also keep public liability
  insurance if someone gets injured at an event
  hosted by your business or because an employee
  causes harm outside of work hours. Another type
  of insurance, workers compensation, exists to
  protect both employers and employees if theres
  an accident at work or an employee becomes ill
  due to exposure at workthis prevents them from
  having to file a personal injury claim against
  you instead.

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Property Damage Liability Coverage

• In a perfect world, your business premises would
  never be damaged by fire or water leaks. In an
  ideal world, you wouldnt have to deal with
  costly lawsuits from customers who trip and fall
  in your storefront or from those who are injured
  on company property. But as we all know,
  businesses arent built in a perfect world. And
  thats why you need property damage liability
  coverage to protect your business against
  lawsuits filed by those who slip and fall or
  otherwise suffer an injury at your place of
  business. So whether you own or rent your
  business premises, its essential to make sure
  your building is covered for any accidental
  damage done by people inside.
• Otherwise, someone can walk into your shop and
  knock over displays that cause the glass to
  shatter everywhereand cost thousands of dollars
  worth of damages. Are you responsible for paying
  out-of-pocket for damages if they occur due to no
  fault of yours? Not necessarily. Most business
  owners dont realize that their landlord is
  responsible for repairing most building
  damagesif they can show it was caused by normal
  wear and tear rather than willful neglect on
  their part.

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Business Income Coverage

• A reliable business income policy will protect
  your companys revenue stream if you get sued or
  have to close down due to unforeseen
  circumstances. Say, for example, youre in a
  situation where an employee is injured on the job
  and needs round-the-clock care. That care may
  cost thousands of dollars per day. And, if
  determined that your business was negligent for
  not having proper safety precautions in place,
  youll be liable for paying out of pocket until
  youve paid off what your workers comp insurance
  wont cover. However, if you have a business
  income policy, you can tap into additional funds
  so that both your employee and yourself are
  protected. Get started with a free quote here!

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Why Business Insurance Needs for Your Business

• Just like your family needs homeowners insurance,
  you need business insurance to protect your
  companys assets. If you own a small, home-based
  business, youll need basic liability
  coveragemainly if there are additional people
  who may use your property (like clients or
  contractors).
• If anything were to happen on your
  propertywhether its damaged due to an act of
  nature or theft or vandalism caused by an
  employee or customerbusiness insurance can cover
  costs related to repairing damages and medical
  expenses of anyone injured. Some types of
  business ownership may also require additional
  coverage, so its essential to discuss with an
  agent what different options are available. A
  specialized agent can help you choose specific
  policies that fit your industry and budget.

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Contact Us

• Address 70 East Sunrise Highway Suite 500 Valley
  Stream, New York 11581
• Email wpamph_at_gmail.com
• Phone [phone]
• Website https//wpinsurances.com
• Blog https//wpinsurances.com/do-you-have-the-bus
  iness-insurance-you-need/