Three Types of Insurance Coverages To Include In Your New Policy

Are you searching for insurance in Connecticut? There are plenty of coverage options available depending on your industry and it’s important that you work with an experienced agent to craft a policy that meets your needs. In the meantime, here are three types of insurance coverages that you plan on including in your new policy.

Liability Insurance

There are different types of liability insurance coverages. The most popular are general liability and professional liability, but depending on your needs, others such as pollution liability may also be necessary. Their purpose is to protect you against lawsuits brought about by third parties. Liability policies will cover any attorneys’ fees, settlements and judgments related to such a case.

Property Insurance

Property insurance pays to repair and replace your covered items in the event of a fire, certain storms, vandalism or theft. If your damaged or lost property impacts your business’ performance, you can also carry business interruption coverage which can be used to replace the lost revenue and pay for certain expenses.

Workers’ Compensation Insurance

In many states, worker’s compensation is required if you have at least one employee. Even when you don’t reach the threshold requirements, you should consider carrying workers’ compensation as it covers the expenses related to an employee suffering a work-related injury or illness as well as their lost wages.

Finding insurance in Connecticut is not as simple as choosing the agency with the lowest premiums. It’s key that you find an experienced agent who understands your needs and can help you craft a policy to meet them.