Ques: What happens if an employee gets in an accident on the job or while driving a company vehicle?
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Corporate Insurance
Ans: If your business owns a company car, there’s no way around buying a commercial auto policy, which is meant to protect your business’s assets in the event of an accident.
Ques: What is an umbrella policy?
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Corporate Insurance
Ans: In addition to the four basic “food groups” of worker’s compensation, general liability, auto insurance and property/casualty coverage, many insurance agents recommend an additional layer of protection called an umbrella policy.
Ques: What is workers’ comp insurance?
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Corporate Insurance
Ans: Workers’ compensation usually covers almost all medical and rehabilitation costs and lost wages for employees injured on the job.
Ques: How do I protect my business if I die or become disabled?
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Corporate Insurance
Ans: It’s every businessperson’s worst nightmare–a serious accident or long-term illness that can lay you up for months, or even longer. Disability insurance, sometimes called “income insurance,” can guarantee a fixed amount of income–usually 60 percent of your average earned income–while you’re receiving treatment or are recuperating and unable to work. In case of a death in the company, including your own, you should consider life insurance.
Ques: How do I protect my business in the event of a disaster?
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Corporate Insurance
Ans: When a hurricane or earthquake puts your business out of commission for days–or months–your property insurance has got it covered. Many entrepreneurs neglect to consider this important type of coverage, which can provide enough to meet your overhead and other expenses during the time your business is out of commission.
