Commercial Insurance In Indiana
You should protect your business by obtaining insurance. If you own a business in Indiana, the best protection for your business, your staff, and your customers is insurance. We offer various options to keep your company running at American Business Insurance. Do the right thing and protect your investment to prevent putting your business at financial risk.
Commercial Insurance Requirements
Workers’ compensation insurance is mandatory for all companies in the state of Indiana. Workers’ compensation protects businesses from legal fees and medical expenses that result from an injured or sick employee. It also helps to cover lost wages and medical expenses that result from a claim. All other insurance coverages are optional but highly recommended.
Most businesses with employees in the state of Indiana must have workers’ compensation insurance. This policy covers the cost of medical treatment when an employee is injured on the job. Unlike workers’ comp laws in some states, the number of employees at a business has no bearing on the requirement. Indiana’s workers’ compensation laws apply to full-time employees, company executives, employees working outside the state (as long as they have an Indiana working relationship), part-time employees, minor employees, and certain students receiving federally funded on-the-job training.
Commercial Insurance Coverage
You can include any of the following in your business insurance policy. You can choose from any of the following:
- General liability insurance- This will protect your business against some of the most common risks, including customer injuries. Many commercial leases will also require this coverage.
- Professional liability insurance- This coverage is also known as errors and omissions insurance and helps keep your business covered if you offer expert advice or professional services. It covers you against lawsuits and more.
- Cyber liability insurance- This policy works to cover losses that result from cyberattacks and data breaches. It is highly recommended for businesses in Indiana that deal with sensitive data such as credit cards.
- Business owner’s policy- This is a bundle policy that consists of general liability and property insurance in one. It is a common insurance policy for businesses looking for cost-effective protection.
To obtain a quote for commercial insurance, visit American Business Insurance today. We serve all businesses in the state of Indiana.
While our office is located in Indiana, we serve all across the United States