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Business Owners Insurance Policies
Author David Schneider | May 23,2007
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It was the holiday season, and like most offices in the neighborhood Finky's Architectural Services was having a party. This party had it all, good food, good music and strong drinks. During the party, one Finky's employee decided to do some acrobatics on a table to wow the crowd. The result of this act was a broken table, a broken back and several accounts of minor injuries. The business's owner took control of the situation and made sure that all the injured employees received medical attention at the company's expense. However, the employee that broke his back while performing acrobatics at the party filed a lawsuit against the employer citing the alcohol at the party as the cause of his injuries. The business owner didn't know if this case would stick or if he would be able to dodge responsibility for the injuries that the employee suffered. He also didn't know if his liability insurance policy would cover the expenses associated with this case, or if he would have to pay for the costs himself. Before a situation like this presents itself, you really need to understand your business owners insurance policies and what they do and do not cover.
If you host employee parties that serve alcohol, then you will need to supplement your normal business owners insurance policies with a Liquor Liability Insurance Policy, or host the party at a restaurant that carries its own insurance. This will protect you in the event that an employee injures themselves at one of these parties because of an alcohol related incident. This is just one example of a special case insurance need. To make sure that your business has proper insurance you should evaluate your business activities carefully to determine what insurance policies you need.
When you know what types of business owners insurance policies your company needs, your next step is to shop around for the best rates and policies. To do this you can meet with dozens of insurance agents, ask them each the same questions, and provide them with the same information about your company, or you can visit QuoteMatch.com and get quotes from several insurance companies after submitting only one request form. To get the ball rolling visit QuoteMatch.com today. |
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