Numerous types of business insurance coverage options are available. Those include general liability, business income, professional liability, workers’ compensation, data breach, commercial insurance, commercial property insurance, and commercial auto insurance. To determine which types of business insurance will benefit you the most, our team analyzes your operations, cost, assets, risks, operations redundancy, adequate limit, liabilities, and loss exposure. We base our suggestions on how comprehensive you want your business insurance policy to be.
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Client-focused Solutions for Your Business
You need insurance solutions that make your life easier. We are consistently striving to bring new and innovative solutions to our clients. With a focus on bringing proprietary solutions that improve efficiencies, reduce costs, and streamline the risk management process, we simplify how you do business.
Business Insurance FAQs
Business insurance can provide coverage for your business premises and contents against loss, damage, or theft. It also offers protection against financial loss due to an insured interruption to your business. Business insurance covers general and professional liability, property insurance, errors and omissions, directors and officers, business interruption, theft, employment practice liability, employee dishonesty, workers’ compensation, and more.
General liability insurance differs from professional liability insurance mostly based on what kind of risk each type covers.
General liability coverage protects businesses against physical accidents, namely injuries to people who are not your employees and property damage to a space that doesn’t belong to you. Professional liability covers workplace accidents and mistakes, including business errors, negligence claims, misrepresentation, and legal defense costs.
Marsh McLennan Agency tailors risk management solutions to meet your organization’s and employees’ needs. We offer directors and officers liability, employment practices liability, and cyber liability insurance designed by our executive and professional liability consultants.
The cost of coverage is influenced by a number of variables, including industry, location, loss exposure, and your business property’s value. Different industries face varying types and levels of risk, and your risk management practices can help you control them. Ultimately, your coverage amount and price depend on what you have to protect. Not every insurance policy is the same, but we will help your business find a price that works for your budget and coverage that protects your bottom line.
The importance of business insurance can’t be overstated. An insurance policy can help you bounce back and continue operations faster when your organization faces a serious threat to its physical location or intangible assets. And that’s not all. Business insurance also helps minimize financial loss, increase your business’s credibility, and assist with lawsuits. Claims and lawsuits can be costly—implementing sound risk management practices can help reduce the chance of a lawsuit. And, with fewer claims on your policy, you may pay a lower insurance premium, increasing your company’s financial strength.
