When someone wants to invest in e-commerce in Follansbee, WV, one of the questions they ask is whether they need commercial insurance. The short answer is YES. Like any other business, online-based businesses face risks that can be mitigated with commercial insurance. Suppose you are unsure about the insurance options you need for your e-business. In that case, Pro Insurance Group is here to provide you with a breakdown of coverages applicable for your e-business.
General liability business
As long as you are in business, you can’t stay away from liability claims. Unfortunately, one significant claim is enough to melt away your business. So, if you run a business online, analyze your business risk profile, and purchase a sufficient amount of liability coverage to protect you when accused of property damage, advertising, and bodily injury.
Property insurance
This insurance protects the inventories, computers, and other business assets in your possession. The coverage compensates you when your assets are damaged or lost by a risk covered in your policy.
Workers’ compensation insurance
Beyond compliance, invest in worker’s comp insurance to protect your employees against illnesses and work-related injuries. Also, this insurance covers partial wages for employees who can’t resume work due to injuries sustained.
Cyber liability insurance
An online business handles a large amount of customer data. Suppose there was a breach? Your business would suffer significant financial losses, primarily through lawsuits and data recovery. Cyber insurance helps you cope with the financial consequences of a cyberattack.
Professional liability insurance
Do you provide professional advice online? You should invest in professional liability insurance. This coverage protects you when accused of negligence or missed deadlines, which caused the stakeholders that rely on your professional advice to suffer financial losses.
Need commercial insurance for your e-business? Please get in touch with Pro Insurance Group for a competitive quote.
