Simply Business Insurance

by | Nov 19, 2022

Did you know that Simply Business Insurance specializes in business insurance for non-standard risks? In other words, we specialize in insuring businesses with risks that other insurance companies may not be willing to take on.

Simply Business Insurance Review
Simply Business Insurance

We recognize that businesses are not all the same. Each business has its own set of risks and challenges that must be addressed before opening their doors to customers.

That’s why our team at Simply Business Insurance is dedicated to helping businesses like yours find the right kind of business insurance to meet your needs, risk profile, and budget.

If you’ve ever researched business insurance, you may have come across a lot of different terms like “commercial liability insurance” or “endorsement” or perhaps even “blanket policy” or “COVERALL”. If any of those terms sound foreign to you, don’t worry! We are here to answer everything you need to know about business insurance so you can make informed decisions about protecting your company moving forward.

What is Business Insurance?

Simply put, business insurance is a way to transfer risk associated with your daily business activities to another party (the insurance company) in exchange for a fee or premium. You can think of business insurance as similar to homeowners’ insurance, but much broader in scope.

That’s because business insurance policies can include coverage for a wide range of risks, including property damage, liability, workers compensation, and even health benefits for your employees. Business insurance is crucial for any business owner whose operations extend beyond their walls.

Commercial Liability Insurance

Commercial liability insurance is one of the most common types of insurance among businesses, including restaurants, hotels, and retail stores.

If someone is injured on your premises, or if they sustain property damage, commercial liability insurance will cover the legal costs of defending your company against the lawsuit. This type of insurance is necessary for any business owner whose operations involve third parties, such as customers.

Business Property Insurance

This type of insurance protects your business in the event of a disaster that damages your property. This may include a fire, earthquake, or storm that causes significant damage to your building or other assets.

Depending on the type of business you operate, the type of coverage you choose may vary. For example, a retail store may need coverage for inventory and merchandise while a car repair shop may require coverage for tools and equipment.

Cyber Insurance

Cyber insurance protects your company against cyber-related losses like data breach expenses, business interruption, and privacy breach costs.

Cyber insurance is an excellent coverage option for all companies, no matter their size, as it covers a wide range of cyber risks that may not be covered by a standard business insurance policy.

Computer Equipment and Data Loss Protection

Businesses that rely on computers and electronic data often purchase computer equipment and data loss protection to protect against loss or damage to hardware and software. This coverage is typically included in a general business insurance policy.

Simply Business Insurance
Simply Business Insurance Review

Business Automobile Insurance

This type of insurance is not as common, but it is still a common type of business insurance. If you own a delivery vehicle, or you drive employees to work, your business may need business automobile insurance to cover the costs of repairs and medical bills related to an accident.

Conclusion

As you can see, there is a lot more to business insurance than meets the eye. This is why it’s so important that you invest the time to find the right insurance company and policy.

Simply Business Insurance is an excellent choice for non-standard risks looking to get commercial insurance. You can get a free quote online today by visiting our website.

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