At Greenwald Berk Agency, LLC, we’ve got a full spectrum of business insurance to help protect your livelihood when the unexpected happens. Businesses big and small are required to carry at least a minimum level of business insurance in Pennsylvania if they have one or more employees. There are a wide range of coverage options to explore when you’re choosing the right policy. Our insurance professionals will take the time to understand your business’ unique needs and help you design a policy that keeps you protected financially after an accident. Contact our team to schedule a consultation in Wilkes Barre, Kingston, or Scranton, PA, and read on to learn more.
There are several types of business insurance that may make sense for your business. They’re commonly combined in what is known as a business owner’s policy (BOP). The following types of coverage may be incorporated in your BOP:
Property insurance protects the physical structures that your business uses. From storefronts to warehouses, office space and storage, your policy can cover any type of structure against damage from certain weather events, vandalism, fire, and more. Property insurance also protects your equipment, inventory, materials, and other property your business owns. If it’s damaged during a covered event, property insurance will reimburse your losses to repair or replace these items.
Liability Insurance protects your business when you’re found liable for damage to someone’s property or injury to their person. It also covers the cost of legal representation if you’re sued after an accident. We offer some unique types of liability insurance in addition to traditional protection.
Cyber liability, for example, helps cover lost profits if your business falls victim to a cyber attack. Cyber policies also support you with experts to help get your computers and security networks up, running, and secure again. They also provide professional help in notifying clients or the public of a breach and in monitoring your credit after an attack.
Liquor liability is an important type of coverage for any business that sells, manufactures, or even furnishes alcohol. This means coverage for bars and restaurants and even for companies that serve alcoholic drinks at Christmas party and other events. If someone is injured on property or because of alcohol served on premises, liquor liability provides financial and legal protection.
There are all sorts of ways that you could fall into financial trouble if an employee files suit or makes an official complaint against your business. We offer protection against employee lawsuits for harassment, sexual harassment, unfair overtime, discrimination, unpaid overtime, and unfair or unsafe working conditions. Employment practice claims cost, on average, $100,000 in legal defense fees, not to mention the costs you’ll incur if your business is found liable. Without proper protection against employee complaints and suits, your business could be subject to drawn-out and expensive lawsuits.
Worker’s comp insurance is a necessity for any business, large or small. All businesses with one or more employee are required to pay monthly premiums for worker’s compensation coverage. If an employee is injured on the job or as a result of a work-related incident, he or she could sue big time for damages. Worker’s compensation, however, pays out employees for their medical bills, lost wages, and other hardships that they incur after they’re injured at or because of their jobs.
When you’re ready to learn more about business insurance to protect your company in Wilkes Barre, Kingston, or Scranton, PA, we’ve got you covered. Contact Greenwald Berk, LLC, to schedule a complimentary consultation and get a quote.