Types of Business Insurance in Oklahoma City, OK, You May Need

There’s a lot of risk inherent in running your own business. You may not have considered some of these, and that’s why you should talk to an insurance representative who understands your unique business needs. A disaster, lawsuit or accident could cost you your livelihood and your future comfort. Take a look at these types of business insurance in Oklahoma City, OK, you may need to protect your investment.

Professional Liability Insurance

Professional liability protects you from lawsuits alleging harm your business may have caused due to negligence, errors or misjudgments. Any action that causes another harm can fall under this category, depending upon your specific business.

Product Liability Insurance

This differs from professional liability in that it refers specifically to products you produce in your business that cause damage. It’s a must-have if your company manufactures or sells a product.

Property Insurance

You need property insurance whether you own or lease your location. This type of insurance will cover all of the things within your building such as furniture, equipment, signage and inventory. You’ll probably need a separate policy if you live in an area prone to flooding, earthquakes or other large natural disasters.

Workers’ Compensation Insurance

If an employee dies or is hurt due to negligence or error while at work, your business could be liable for medical or related expenses. You want to protect your employees and yourself by having workers’ compensation insurance before you make even a single hire.

These are some of the main types of business insurance in Oklahoma City, OK, your company may need to get started.

Visit Action Plus Insurance at www.actionplusinsurance.com to learn more. You can also visit them on Facebook for more information.

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