Remove Business Interruption Remove Deductible Remove Professional Liability Insurance
article thumbnail

Essential Business Insurance Guide: Safeguarding Your Property From Cyber Threats

Protect Commercial Insurance

Product liability insurance protects against claims arising from defective products your business manufactures or sells. Professional liability insurance , also known as errors and omissions insurance, is crucial for service-based businesses and protects against claims of negligence or inadequate work.

Cyber 52
article thumbnail

How To Save Money On Your Commercial Insurance

Protect Commercial Insurance

. – Workers’ Compensation Insurance: Mandatory in most places, it covers medical expenses and lost wages for employees who get injured on the job. – Professional Liability Insurance: Also known as Errors and Omissions Insurance, this covers businesses against claims of negligence or harm resulting from professional services.

article thumbnail

What are the most important questions to ask when choosing business insurance?

Protect Commercial Insurance

Reflect on: – How much you can comfortably allocate from your business budget for insurance premiums. – Potential deductibles and what’s financially viable if you need to make a claim. It’s like finding a sweet spot—insurance that doesn’t overspend your resources but still offers peace of mind. .