Operating your business in the online space is cost-effective and convenient to reach your customers in almost every corner of the earth. While e-commerce is a great way to do business, it doesn’t mean that your business is free from risks. You may not have a physical office, but you face risks just like any other business. For persons operating online businesses, Nieroda Insurance Agency in Saint Charles, MO is here to break down the insurance coverages you need to consider for your business for optimal protection.
Liability coverage
Most, if not all, online businesses should invest in general liability coverage. Suppose your defective products injure a customer. Or you fail to deliver a product or service, resulting in a breach of contract. In both cases, your business can suffer financial losses, especially when sued. Given that liability claims aren’t uncommon in the business world, invest in liability coverage to be on the safe side.
Property insurance
While you may not have a physical office, you probably have other assets, including IT equipment, inventory, stores, delivery vehicles, and so on. Invest in property insurance to protect your assets against theft, fire, vandalism, and other risks.
Worker’s comp insurance
If you have any employee in your business, you must invest in worker’s comp insurance. This coverage is not only mandatory but also protects your employees against illnesses and work-related injuries.
Cyber liability insurance
Your e-business suffers significant losses after a few minutes of server downtime. Now, imagine the financial loss if your IT infrastructure is compromised for hours or days! Given that cyber-attacks are a real threat to e-businesses, you must invest in cyber liability insurance to help your business recover after an online attack.
Ready to get started with business insurance in Saint Charles, MO? You are on the right track. All you need now is to contact Nieroda Insurance Agency for an affordable quote.
