When starting a small business in or near Pittsburgh, PA, one crucial task is to find the right insurance to safeguard against potential risks. Entrepreneurs have many policies to consider when securing their businesses, and understanding each can be overwhelming. At Daniel Novsak Agency LLC, we can assist business owners in identifying which policies are vital for their business protection.
Basic Business Insurance Needs
While there’s no one-size-fits-all solution, you can expect to need several types of policies to cover your needs adequately. If you have employees, workers’ compensation is essential. General business liability is also crucial as it protects your company against various risks. Alongside general liability, you may want to consider umbrella insurance, which can protect you from devastating lawsuits if, for instance, someone injures themselves on your property. Cybersecurity insurance is a newer category, but you should believe it, especially if your business operates online.
How to Select Small Business Insurance
The type of business you operate influences the types of policies you need. For instance, professional liability insurance is crucial if you offer professional advice. Property owners who rent buildings for profit need commercial property insurance. Business interruption insurance often differentiates between closing and remaining open if an unexpected event temporarily shuts your company, preventing you from making profits. Contractors often need commercial auto insurance if employees drive company vehicles to work sites. A business owner’s policy is also an option, but ensuring the coverage meets your needs is crucial.
The team at Daniel Novsak Agency LLC boasts considerable expertise in crafting comprehensive business insurance plans. Contact our Pittsburgh, PA office today to schedule your consultation and start working on a coverage plan that complements your business risks.
