Tag Archive General liability

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Quality Coverage for Niche Industries

Is there an insurance plan for every industry? Yes, but they are not all the same. That is why you need specialized insurance in Ann Arbor for industries such as home health care and cannabis that are not adequately covered by traditional insurance programs. Source: https://www.thayerinnes.com/.

Areas of Coverage for Unique Businesses

There are two specific and unique niches that require different insurance than most traditional companies. The first is the cannabis industry that has expanded recently, with farms, distributors, and dispensaries opening and providing medical and legal marijuana to consumers. The second is the home health industry that provides medical and cares services to patients in the home, such as administering medication, diabetes management, wound care, physical hygiene, therapy, and companionship. To provide these specialized services that are distinctive to your industry, your business may need policies that cover the following areas of your practice:

Workers’ compensation
General liability
Cybersecurity
Commercial property
Equipment repair
Employee crime
Product recall
Directors and officers liability

Specialized Policies for Your Business

The cannabis and home health care industries became popular in recent years, but traditional insurance plans do not necessarily provide the right kind of coverage. That is where specialized insurance in Ann Arbor comes in to help protect your business against various claims.

Protecting Your Business Against The Public

Protecting Your Business Against The Public

Operating your own small business is a fulfilling venture. This is why you should take every step to protect your hard-earned assets against any future lawsuits. One way to do that is to acquire powerful public liability insurance. Pli insurance is a type of coverage that benefits small businesses and self-employed workers the most. Here is everything you need to know about this amazing insurance.

What Does It Cover?

This coverage handles the costs involved with lawsuits made by the public. These claims include things like bodily injury and property damage. Much like general liability, it can assist with the legal and court-related expenses.
Who Should Purchase?

Pli insurance is beneficial to any business that encounters the public at any point. You simply never know when someone could get hurt. However, this coverage is best for smaller businesses as their limited coverage may mean lower rates.

How Does It Differ From General Liability?

General liability encompasses a wider array of coverage than public liability insurance. General coverage can help with claims made by employees and other vendors. This increased coverage means higher rates. Therefore, if you have a small business then you may be better off with a basic pli coverage.
If you are interested in learning more about this vital policy, contact an insurance professional to get your business on the right track.