If you’re a business owner, one of your responsibilities is to protect your business assets by purchasing commercial insurance. You may have questions about which types of insurance your company needs. Businesses in the Ankeny, IA area can get answers to their commercial insurance questions by talking to our team at Maschoff Insurance. We have been working with businesses in your area since 1898.
What Is Business Liability?
New business owners may wonder about the true meaning of liability when it comes to your business’ responsibilities. According to Thimble, general liability insurance covers a business if a non-employee injures themselves at your business or because they are using one of your products. Foreseeing an accident that could occur and result in a liability claim is impossible. Therefore, purchasing liability insurance is your best protection against the expenses of that claim.
Although there are several types of insurance your business must buy, liability insurance must be your greatest priority. According to Thimble, while it isn’t federally mandated by law to carry liability insurance, many states have minimum liability insurance requirements. Before signing your policy, be sure to check your new policy to understand its guidelines thoroughly. For example, a liability insurance policy will not cover any actions performed intentionally to harm someone else.
Contact Us Today for Your Appointment
In addition to liability insurance, your business will need to purchase health and worker’s compensation insurance for your company. Business clients in Ankeny, IA will find the answers to their insurance questions from our team members at Maschoff Insurance. Our agents are dedicated to offering various insurance options to help you choose the right policy. Call us for an appointment today, and let us help you choose the right insurance.
