Small Business Insurance in Derby, Wichita and Andover, KS
You never know when a hazardous event like a fire, severe storm, robbery or accident lawsuit will threaten your business, and you don’t want to face the prospect of having to pay for your recovery costs. After all, these unexpected events could put you in a very tight financial bind, threaten your operations and inconvenience a lot of people. Your small business insurance benefits can minimize these losses and get you back on your feet and operational in no time.
Insurance Partners of KS, LLC is Wichita’s trusted source when you need help with your small business insurance package. You’ll always get effective coverage at the appropriate prices. Don’t hesitate to contact us today for a quote!
To get your small business insurance policy today, call us at (316) 686-6666 or request your free quote now!
What is small business insurance?
Small business insurance is not a single policy like homeowners, auto or life insurance. Rather, it’s an umbrella term that refers to numerous insurance options that the average small business might need. It’s up to you to find the optimized combination of benefits for your needs.
What does small business insurance cover?
Among the benefits you’re likely to need for your small business are:
Commercial property insurance: If something damages physical property—such as your building or possessions—then this coverage can help you repair or replace them.
General liability insurance: This covers your business in the event it causes property damage or bodily injuries to another party, like a client or vendor.
Business interruption insurance: This helps you pay bills if you must temporarily close after a damaging accident.
Commercial auto insurance: If your small business owns vehicles, this coverage supplies the requisite physical damage, liability and other benefits to help you afford the costs of wrecks or other vehicle hazards.
Workers’ compensation insurance: If an employee gets hurt on the job, they’re often eligible for workers' compensation. This supplies supplementary income during their recovery.
Errors & omissions insurance: Professional advice or mistakes can cause your clients a financial loss. This coverage compensates them on behalf of your business.
Surety bonds: If you’re contractually bound to certain clients, then bonds will guarantee them that you will repay them if you cannot meet your obligations.
Small business owners can benefit financially by bundling their essential coverage into a business owners policy (BOP). BOPS allow you to get several benefits (property, general liability, business interruption) in one place and at one price, and they are optimized for the needs of small businesses.
Many of these policies are mandatory for businesses based on both local insurance regulations and contractual demands set by clients. Speak to your agent to learn more about these benefits.