Is Your Business Covered?
- Property & Casualty. Property and casualty coverage will help manage your risk and apply the most appropriate risk mitigation strategies to protect your assets.
- Workers’ Compensation Insurance. Most states require workers’ compensation insurance regardless of the types of jobs employees are performing for your business. Some states may require a certain limit based on the number of employees you have, while others may require the owner of the business to have workers’ compensation insurance even if there are no other employees. Coverage may be written directly through the state the business operates in, or through an insurance broker/agent.
- Medical/Disability Insurance. Disability insurance covers incidents or illnesses that are not related to work that may prevent an employee from returning to work. Some states require businesses to contribute to disability insurance.
- Unemployment Insurance. This tax is designed to cover the costs of unemployment insurance for employees who may lose their jobs with your company. Not every state requires this tax, but you may still need to register your business with your state’s workforce agency.
In addition to these insurance coverage requirements, you may need additional insurance based on the type of business you own. You may need home-based business insurance, general, product or professional liability insurance. Be sure to check with an Insurance Specialist to determine what is necessary for your business.
To learn more about the business insurance options available through Huntington Insurance, Inc.i click here, or give us a call at (888) 576-7900.