Why do you need business insurance? The simple answer is accidents happens and business insurance helps cover the costs associated with property damage and liability claims. Business Insurance helps business owners eliminates having to pay out-of-pocket for costly damages and legal claims against their company. Depending on the incident, this could be a financially devastating scenario for business owners.
Every business is different, and therefore the insurance needs of every business are different as well. The types of insurance your business may need are commercial property, commercial liability, business income, workers’ compensation & disability insurance.
Commercial property helps protect the physical location of your business and business assets. Coverage includes your building, inventory, tools, documents, and furniture.
Commercial liability helps cover the costs of liability claims made against your business. It can help pay for: bodily injury or property damage, medical costs, damage to rented property & advertising injuries.
Business income helps replace lost income when your business cannot operate due to a covered loss. This is a great way to help ensure you can keep paying your bills, payroll, and ride out the temporary suspension of your business.
Workers’ compensation provides financial support to employees who are unable to work because of a job-related injury or illness. These benefits can help cover your legal costs, medical care, lost wages & funeral arrangements.
HYPE Insurance Agency is an independent Brooklyn-based agency licensed in several states: NJ, CT, PA, NC.SC,GA,IL, VA,FL & MD. We are available to help you determine what coverages best suits your business. We can be contacted by 347-680-5145 or gamal@hypeinsurancellc.com