You want your small business to thrive, so you developed an effective plan and hired an enthusiastic staff. Now, you need business insurance to protect your investment and livelihood. The experienced agents at Western States Insurance Group in Lovington, NM, want to help. They’ve put together a simple checklist for all new business owners to ensure that you have the coverage you need.

5 Insurance Every Small Business Owner Needs

1. General Liability

This type of business insurance protects you from lawsuits if a client or customer is at your facility. The coverage also offers protection if an employee damages a client’s property in the course of their duties.

2. Commercial Property

Commercial property coverage protects the company’s facilities, whether you own or rent the space from a landlord. This policy will protect everything inside the business, from equipment and inventory to electronics and furniture. Furthermore, it also provides coverage against weather-related events like roof damage due to wind or hail or a burst pipe due to freezing conditions.

3. Health Insurance

A healthy team is an integral part of any successful enterprise. Making health insurance part of your business insurance coverage boosts employee morale and job satisfaction and reduces turnover rates. Satisfied workers provide better service, so you’ll even have happier customers.

4. Workers’ Comp Insurance

Workers’ compensation insurance helps cover the cost of medical care and a portion of lost wages for employees injured on the job. These policies are required by law and forgoing them can result in hefty fines.

5. Commercial Auto Insurance

If you rely on a fleet of company cars to conduct business, they should be insured under a designated commercial-use policy. This protects your employees and company in the event of an at-fault accident, even if the driver doesn’t have personal auto insurance.

If you’re looking for business insurance to help protect your growing organization, then contact the agents at Western States Insurance Group today. Their dedicated staff understands that no two businesses are the same and will help you find the customized coverage you need. Learn more about their insurance options online, and call (575) 396-1318 to schedule a consultation.