Your employees look to you for many things. They expect that you will keep business running, paychecks flowing and their interests protected while they hold up their end of the bargain in working for you. One way that you can meet their expectations, even in the face of disaster, is by having the right insurance policies for your business.
Commercial Auto
If your employees drive their cars to run company errands, it’s important that you cover them with your commercial auto policy. If your employees drive a company vehicle, the proper commercial auto insurance policy ensures that your property is protected and you can continue running your business effectively even after the automobile is damaged in an accident. It also ensures that your employee’s injuries, should they have any, are covered.
Worker’s Compensation
If one of your employees should become injured at work, they will be owed wages during the time they are unable to work as they recover from the injury. A worker’s compensation policy ensures that you can meet the financial obligations you owe to those who are injured while in service of your company.
Liability
A general liability insurance policy can help prevent your company from going bankrupt in the face of a large liability claim. If you hire medical, legal, or other professionals for your business, professional liability insurance will protect them in the event that they’re negligence results in errors, omissions or malpractice.
Business Interruption Insurance
If an insurable incident occurs that decimates your business causing it to lose income as you rebuild, business interruption insurance could help keep your employees on the payroll. Interruption insurance as part of your commercial property insurance policy, replaces your lost profits while also providing benefits to help pay for your temporary location. This not only keeps your employees paid while you rebuild but also ensures that there will be business for them to return to once you are ready to open shop again.
Key Person Life Insurance
There are some employees who are irreplaceable. Without these key employees, your business income would suffer a deep blow and your rank-and-file associates could find themselves out of work. A key person insurance policy provides a death benefit to your business in the event that a key employee dies. This benefit can help pay for the costs of recruiting a replacement and supplement any lost income that your business suffers, which can help keep all your other employees paid.
Employers often think of group health and life insurance benefits as the only way to help their employees, but the right business insurance policies can keep your business going and your employees paid even under the direst circumstances. If you want to learn about any of these policies and how they can affect your Dallas Business Insurance, give us a call at All About Insurance.
Posted Thursday, December 15 2011 2:41 PM
Tags : insurance, business, commercial, owner, dallas, texas, TX, dallas business insurance, life, liability, workers comp
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