قالب وردپرس درنا توس
Home / Insurance / Protection against ordinary business risks

Protection against ordinary business risks



There are many benefits to owning your own business, but if you are a proud business owner, we are sure you are aware that it also has its drawbacks and risks. To protect your business, it is wise to evaluate potential risks and develop plans to protect against such risks. It is also necessary to have proper trade or business insurance in place to cover you against liability or damage.

Many people dream of owning their own business, and as a small business themselves, we appreciate the effort you put in every day. We do not want you to have to close your doors forever, so we have compiled a list of typical business risks and methods to protect you as an entrepreneur . Do not let responsibility ruin your business.

Employee responsibility as a business risk

First and foremost, you protect yourself from being hired by former or current employees. (1

9659002) Unfortunately, many business owners lack this coverage, but they should because disputes can affect any size business. Another employee sued Ford for sexual harassment and received $ 16.8 million from the company and his former executives.

How else can EPLI protect your business?

Some form of business event may constitute ordinary business risk. Whether it's a Christmas party or a corporate picnic, accidents can happen whether it's on site or off. An employee can sue you and your company for not protecting them even though you have a harassment policy and a well-defined personnel manual.

An EPLI policy protects you and pays legal fees, so ask one of our certified insurance brokers to add it to your existing insurance.

Alcohol Liability as a Business Risk

When it comes to business hosting companies, drinking often increases the risk of harassment and antagonism. When serving alcohol in a business function, be sure to add Host Liquor Liability Insurance to your commercial general liability insurance. You do not want to be held responsible for the mistakes of drunken workers.

Workplace injury liability as a business risk

Workplace injuries are another common business risk. An employer is responsible if an employee is injured or ill at work. Work compensation insurance is needed in Connecticut for companies with one or more workers.

Business interruptions as a business risk

We often find that business owners neglect to consider what would happen to their business if the disaster occurred. For example, how would you continue your normal business if an earthquake destroys your business premises? If the unthinkable ever happens, it's probably better to have a plan in place.

We recommend that you investigate the interruption insurance, as it offers coverage against certain expenses due to temporary business closures or relocations due to certain events.

Conclusion

Owning a business is part of the American Dream; Just make sure you know how to protect yourself. Please contact our reliable and knowledgeable team at Paradiso Insurance if you have any concerns regarding commercial insurance for your business.

COME ON NOW


Source link