Medical Malpractice

Most people are familiar with the four kinds of insurance that is important to have: automobile, home, life and medical. As a business owner, you need additional insurance to cover two important assets: your business and your employees.

Business Insurance

Provides three types of coverage that an entrepreneur must consider:

• Property Insurance protects the business against unforeseen losses due to fire, lightning, vandalism and other mishaps. Earthquake and flood insurance is available for areas that are prone to this kind of damage.
• Contents Insurance protects business equipment such as office machines, computers, copiers, office furniture, etc. from fire, flood, and theft. Take inventory of office equipment and figure out the replacement cost in order to arrive at a value that should be placed on office contents.
• Business Liability Insurance protects your business from liability due to negligence that can cause bodily injury to a customer or an employee. There are various categories under business liability insurance that covers manufactured products and professional services for doctors, lawyers, or anyone who may need malpractice insurance.

Employee Insurance Benefits

An equally important asset to a business owner is the labor pool of employees.

• Workers Compensation Insurance is required by every state except Texas and covers job-related injuries and illnesses. This insurance covers an employee's medical, disability income, rehabilitation and death benefits.

It is important to choose an insurance agent or a broker with the experience and expertise to guide a business owner through the various policies that will provide the best coverage. Choosing the right insurance expert is just as important as identifying the right insurance coverage.