What Does Your Business Policy Cover?

Category: Our Blog

Your Pennsylvania business insurance carries a lot of insurance lingo with it that you might not be accustomed to reading. Of course, your insurance agent can explain it to you whenever you need to understand it, but here are a few examples of some basic accidents that might occur, and which part of your business insurance policy will be utilized to handle the claim and what it will actually cover.

If your property or inventory is damaged due to a natural disaster, your property insurance and business interruption insurance will cover any loss of income and pay some (maybe all) repair costs to fix the damage and replacement costs for the lost inventory.

If a customer slips and falls in your establishment and sues you for negligence, the liability portion of your insurance policy will pay the legal expenses, assist in the legal action and pay the amount you are liable for.

If a customer is injured or dies as a result of using your product and your company is sued for negligence, your product liability insurance will also pay the legal expenses, assist in legal action and pay the amount you are liable for.

If an employee is injured or killed on the job, your workers compensation policy will cover any lawsuits filed by the employee and any lost income or medical bills your employee might encounter.

If an employee steals from your company, your employee dishonesty insurance will pay the cost of the stolen items. Hopefully, that doesn’t happen to you, but if it does you can relax in knowing your insurance has you covered.

Your Pennsylvania business insurance policy is there to protect you from any type of accident or wrongdoing that happens within your company. Talk with your insurance agent today to find out if you have the right protection for your company.


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