Damage to stock or gear when it’s in transit is covered by inland marine insurance. While small business insurance protects your company against legitimate losses, it doesn’t defend towards damages attributable to your negligence or fraud.
It covers the automobiles and their drivers for collisions, legal responsibility, personal damage and harm to property. Any automobile used in the operations of your corporation must be covered by industrial vehicle insurance, as personal policies don’t typically lengthen to work vehicles.
It also may not cover you if you misrepresent the nature of your corporation or misclassify your staff in order to reduce premiums. Professional liability insurance, also called errors and omissions (E&O) insurance, is a coverage that is meant to protect professionals within the workplace.
Expert advice given to a client by you or your staff may not at all times result in the specified outcome. This can leave you open to … Read More