your company, assets and for your employees as well. You don’t know about future what sort of damages or losses you might be face while running a business so you have to protect your assets, employees and other things for a better future. For example, if you are running a candle business there are following products that were recommended for Candle Business Insurance.
- Insurance on the business property
It covers assist of property equipment, inventory and furniture as well in the event of a fire, storm or theft. But some provider doesn't cover mass-destruction events like floods and earthquakes. If your business is located in this kind of hazard areas, you'll need a separate policy for these. Another exception is personal property that is very expensive and high value. If there is a claim, the property insurance policy the cut out the cost to fixed the issue.
- Businesses from Homeowner policy
If you are running a small business at your home that the home owner insurance doesn’t cover that home. For that you have to purchased home business insurance policy. Your homeowners or renters’ insurance policy may include some sort of security for your business belongings and assets, but it is usually very small coverage insurance and you will almost always need to add more coverage in it. For example: endorsement to the existing homeowner’s business insurance policy, obtaining a package insurance policy that is designed specifically for BOP and obtaining an insurance policy specifically designed for company with premises in a private habitation.
- Auto insurance policy
If you are using vehicles under your business then you must have to insured them as well. For example, if you are running a business of manufacturing candles then you must supply candle products from one place to another through vehicles. If something bad happened to your business vehicles then your auto insurance company take care of those damages and losses. Auto insurance comes with liability coverage and full coverage. Liability insurance covers the costs of the 2nd party driver's property and bodily injuries if you're found at fault in an accident then your insurance company covers the cost of that driver losses, damages and injuries. The combination of collision insurance and comprehensive insurance called full coverage that covers your vehicle damages, injuries and also pays for those damages and injuries that caused to another driver as well.
- Liability on products policy
This liability insurance protects your business in such those cases in which any business company find its self-named in a legal process due to losses or damages caused by their products. It is that accountable to personal or damages that third parties may suffer due to the use of products, possession or simple existence of products placed on the market by themselves. Here are few examples of liability: medications (that cause any kind of side effect to a person), food poisoning, different toxic toys materials and massive vehicles production.