Connecticut Business Insurance

Why Get Business Insurance in Connecticut
The goal of businesses is to maximize profits while minimizing costs. This means creating financial strategies which include innovative plans to reinvest the profits. Cost cutting measures sometimes include looking for affordable and comprehensive Connecticut business insurance. Connecticut business insurance provides companies with financial protection against the high cost of unexpected losses such as lawsuits, natural disasters, injured employees, and many more. For example, if a person is injured because of the negligence of one of your employees, having the proper business insurance means that your insurance provider will take care of all the damages. With Connecticut business liability insurance, your company will not have to experience the devastating effect of having to pay a large financial settlement- which in many cases can cause a business to shut down operations either temporarily or permanently.

Workers Compensation in Connecticut
Worker’s compensation has been part of Connecticut business insurance since 1913 when it was mandated by the Constitution of the State of Connecticut. Employers who fail to comply with having worker’s compensation as part of their Connecticut business insurance may face fines from the state. They also risk lawsuits and expensive medical bills from employees who are injured at work. In fact, the injury doesn’t necessarily have to happen on your business property. For instance, suppose an employee driving from one place to another for work-related reasons is injured during this time. The employee is still eligible for worker’s compensation. This policy helps both the employee who was injured and the employer by taking care of medical expenses and loss of income.

Coverage for Connecticut Business Insurance
Connecticut business insurance is a combination of protective insurance policies for any entrepreneur who wants to be covered against some of the greatest risks in business. No matter what industry your business is engaged in, Connecticut business insurance can shield business owners in a number of ways with any of the following types of coverage offered by most insurers:

  • Business Owners Policies
  • Worker’s Compensation
  • Errors & Omissions
  • Commercial Auto & Property
  • Group Benefits
  • General Liability
  • Professional Liability

The majority of businesses in Connecticut have at least one business liability insurance claim. That’s why it is always better to be prepared with business liability insurance coverage that allows you to handle any financial settlements that result from a claim.

When choosing an insurance policy, it makes good business sense to speak with several different insurance companies and compare rates and quotes. This can be done from the comfort of your home or office at any time. Protect your valuable investment by selecting the proper coverage for your business and its employees. The cost is small when compared to the possibility of having to pay for claims out of pocket.