When starting a small business in or near Pittsburgh, PA, one fundamental task is finding the proper insurance to cover your risks. Entrepreneurs have numerous policies to consider when safeguarding their business, and it can be a complex task. Daniel Novsak Agency LLC can help business owners interpret which policies are essential for their business’s well-being.
Fundamental Business Insurance Needs
Determining what insurance is needed isn’t straightforward, but you can expect to need several types of policies. If you have employees, worker’s compensation is mandatory. General business liability insurance is also vital as it protects against various risks. Along with general liability, consider umbrella insurance, which can shield you from catastrophic lawsuits if someone injures themselves on your property or similar incidents occur. Cybersecurity insurance is a relatively new category but worth considering if your business has an internet presence.
Choosing Small Business Insurance
The type of business you operate dictates the types of policies you need. For example, professional liability insurance is crucial if you offer professional advice. Business owners who own buildings for profit will need commercial property insurance. Business interruption insurance can often make the difference between remaining open and closing if an unexpected event temporarily shuts down your company, preventing you from making a profit. Contractors frequently need commercial auto insurance if employees drive company vehicles to appointments. A business owner’s policy is also an option, but you must ensure the coverage aligns with your needs.
The Daniel Novsak Agency LLC team has extensive expertise in crafting business insurance coverage. Contact our Pittsburgh, PA office today to schedule your consultation and get started on coverage that will protect your company.
