Proper insurance is essential for your business because it provides financial and legal protection against potential risks. The types of covers which you will require for your company will depend on the pertinent type of business, size of company and even the industry. One of the most important forms of insurance is workers' compensation. This insurance will provide financial cover for medical bills and even lost wages for the employees if they sustain injuries or contract diseases when performing company work.
If you plan on embarking on a construction project, it would be pertinent to get construction insurance. This type of insurance offers various policies that will cover a myriad of risks, ranging from natural disasters on the site to injuries to your employees, damage to materials and more. In order to get the insurance cover that will satisfy your individual project's needs, you would have to be familiar with the options that are available to you.
Landlord insurance covers a range of expenses that you may incur if you have a rental property. If you are a landlord and wondering if landlord insurance is right for you, you should call an agent. To guide you toward the right policy, here are the questions you should ask.
1. Does this current situation require landlord insurance?
In some cases, your homeowner's insurance may suffice for your needs. For example, if you are only renting your home out for a few weeks, only renting a single room in your home or living in an owner-occupied duplex, your homeowner's insurance may meet your needs.