Insurance? It might be the last thing on your mind when you are starting a business but it might be one of the most important. Working with an Insurance broker can be a mini risk analysis for your business, even if you don't purchase all the insurance they can offer you. Although there are many different types of insurance here is a breakdown of common coverage's for today's startups:
1. Property Insurance: Coverage for building and contents. Even if a business is renting or doesn't have an office space, chances are they have some valuables to be insured. *Consult an insurance broker about coverage as wordings and coverage may vary
2.General Liability Insurance: Coverage for claims occurring as a result of bodily injury, personal injury and property damage. *Consult an insurance broker about coverage as wordings and coverage may vary
3 Error and Omissions Insurance: Coverage for allegations against a business resulting from an act, error or omission in services rendered. This is common for anyone engaging in contractual work. *Consult an insurance broker about coverage as wordings and coverage may vary
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The Base Team
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