Business Insurance Washington DC
Business insurance is also often called commercial insurance. This type of business coverage can include office insurance, public liability insurance and professional indemnity insurance. Unfortunately, business insurance is an expense many new businesses decide to avoid. This can be a costly mistake, as business insurance is something that all business owners should have to cover potential losses.
Basic office insurance will cover your property. This may include the actual office space – even if you rent – as well as the items that make up your business environment. This commercial insurance policy may cover items like computers, furniture, files and storage and your basic office supplies used in every day operations.
Public liability insurance (PLI) policies protect the business owner from claims and lawsuits that arise from the “public” in the process of doing business. This could cover things like slip and falls at the place of business, or a lawsuit arising from a sale or purchase that has gone bad. It can be an umbrella policy covering all eventualities, or be very specific to cover certain actions you take in the course of doing business which are a risk for your particular niche.
Professional indemnity insurance (PII) is another common name for public liability insurance. There really is no business out there which should be without this type of policy. Having business coverage with a commercial insurance policy such as PLI or PII can help to extend basic office insurance to include your actions as a business rather than just the business property.