A walk in downtown Lebanon, Pennsylvania reveals history, and architecture dating back to a time before the Revolutionary war. The city is nestled among several major cities. For example, you can get to Philadelphia in about 90 minutes, and New York City or Washington, DC, if you drive about an hour longer. The city’s central location makes it an ideal place to live and set up a small business or home office. When you set up shop, be sure to get business insurance.
You never know when an unexpected event might interrupt your operations. So, insurance is crucial if you want to make sure you’re in business for a long time. Some must have coverage includes the following:
- Commercial Property Insurance
Property insurance protects your business belongings if they’re damaged in an accident or by a storm. For example, in Lebanon, you might get hailstones that are about an inch in diameter. These can do serious damage to your home office or property, and commercial property insurance can help pay for repairs. Your policy might also cover incidents such as loss income, damaged computers and ruined company papers.
- General Liability
Owning a business is rewarding but it also comes with many risks. For example, customers might get hurt on your property. Or, they might believe you were negligent in some way when you served them. If they sue, you can use your general liability coverage to pay for your defense in court. These policies also cover payments if the court finds you liable for damages such as for bodily injury, libel and slander.
- Home-Based Business
Coverage from your homeowner’s policy is limited for electronic equipment. So, you might not have enough coverage for your business equipment. For example, coverage for electronics and computers is often less than $3,000. If you have several computers, fax machines and printers, this might not be enough to replace these items. Get a home-based business insurance endorsement to make sure you have coverage for your business equipment.
- Other Coverage
The coverage you need for your business depends on factors such as business size and your products and services. For example, if you give advice to people, you might need errors and omissions insurance coverage. And if you sell products, product liability coverage might come in handy. Talk with your agent at Henderson Insurance Agency today, if you want to make sure you have enough coverage for your business.