Is your business legally protected? Whether you have an established business or you’re taking the next step in pursuing your entrepreneurial dreams, do not overlook securing your business with the right insurance. Alexander Insurance Agency has been serving business owners in both Missouri and Illinois for over 50 years. We understand the ins and outs of what it takes to cover your business from the unexpected and are here to guide you through the process. Leave the boring legal stuff to us so you can focus on what matters most, running a smooth ship and providing exceptional service.
Here are the top most common types of insurance and why you need them.
For small business owners, general liability insurance is your first step. Ensure what you worked hard for is secure from unpredictable incidents. Be prepared for potential claims, including property damage, bodily injuries, or personal injuries. General liability may also protect you from advertising injury, copyright infringement, and reputational damage.
What is workers’ compensation? If you have employees working under you, it is of the utmost importance to make sure you are covered if something were to, unfortunately, happen to them. If an employee becomes injured or ill on the job, workers comp will cover medical expenses, missed wages, disability, and death benefits.
Professional Liability / E&O
You may be thinking it will never happen to you, but lawsuits do happen. If and when it happens to you, you need to be ready. Professional liability and errors and omissions insurance protect your business and reputation if a lawsuit is filed against you. This is particularly required for most service-based businesses.
If you use a vehicle for your business, your regular car insurance policy may not be enough to cover you in the event of an automobile accident. Commercial auto insurance provides coverage for collision and physical damage, vehicle theft, vandalism, and auto accident liability.
Tools & Equipment
It’s never a good start to your day when you’ve arrived at the job site only to find your equipment has been damaged or stolen. To be prepared for this
unforeseeable circumstance, add a tools and equipment protection policy to your general liability plan. This will cover repair and replacement costs for equipment and tools that are lost, damaged, or stolen.
Finding the right insurance coverage for your business can be an overwhelming process. At Alexander Insurance Agency, we will work with you to make it a seamless and stress-free experience. We are dedicated to helping business owners like you throughout St. Louis, St.Charles, and surrounding areas find the right coverage you need.