Business Insurance
What is Business Insurance?
Business Insurance is part of our Commercial Insurance policies. Do you own a company that is doing very well and are you beginning to worry about the future of your business’s opportunities? If this thought has crossed your mind, you need to look into Business Insurance.
Business insurance is coverage that protects businesses against losses that may occur during the normal course of business. This includes coverage for things such as:
- Property damage
- Profit protection
- Legal liability
- Employee related risks
How does Business Insurance work?
A business insurance plan outlines the maximum amount an insurance company will pay against a claim in case something goes wrong.
For example, if your business gets sued to pay an amount for medical costs associated with an injury caused by a work side accident or hazard, and you have a business insurance policy in effect, the bills will be offset by your policy and your business will avoid the costs related to such an incident.
Additionally, if your business line is on the higher end of the risks scale, you might opt for a more comprehensive insurance policy that would protect your company from high risks.
Before you invest in any insurance policy, it is important to check in with your broker to provide honest, unbiased advice that’s full of options and choices.
At Petra Insurance Brokers we have the experience and knowledge to do just that! We’ve been in the insurance business since the 1960s and our team of professionals can help you find the right insurance plan for you, providing you with the clarity and peace of mind you need, today.
Other Commercial insurance policies
Medical Malpractice Insurance
This insurance will provide protection against third party claims for medical malpractices that occur covering the cost associated with it.
Employee Benefits Through Insurance
Employee benefits through insurance have become a crucial aspect of the modern workplace, playing a significant role in attracting and retaining top talent.
Business Interruption Insurance
Understanding how business interruption coverage will protect your business can help you be more prepared in the event of an unforeseen natural disaster.
Professional Indemnity Insurance
Professional indemnity insurance, also called professional negligence insurance, is coverage for small businesses that protects against claims from their clients.
Marine & Aviation Insurance
Marine cargo insurance covers the goods, property and/or merchandise carried by a ship or aircraft.
Cyber Ransom Insurance
Cyber ransom insurance is designed to protect your business in the event of a ransomware attack.
Keyman
Insurance
This is taken out by a business to compensate for any financial losses that would arise from a death or injury of an important person.
Workmen’s Compensation Insurance
It provides coverage for your valued employees in the event they fall sick, get injured or lose their life during employment.
Business Protection Insurance
Hazards that can threaten your company in the future are diverse and very much unpredictable. you need to hedge yourself from all these risks.
Credit
Insurance
Credit insurance is an insurance policy purchased with the intention of protecting a business against commercial and/or political risk that is beyond the control of your company.
Income Protection Insurance For Empolyees
Loss of income in the event of a disability, illness, or death can cause significant personal and economic hardships for employees & their families.
Commercial Property Insurance
We provide a tailored strategy to guard against calamities like fire happening to your assets like buildings, supplies, and warehouse stock.
Contractor All Risk Insurance
Contractor All Risk Insurance is part of our to cover against contracts and construction risks.
Corporate & Business Health Insurance
Corporate & Business Health Insurance serves not only as a mandatory legal requirement but also as a strategic benefit that businesses offer to their employees.
Fleet
Insurance
Whether you own a taxi company, car rental service, or delivery service, if your business relies on multiple vehicles fleet insurance is required.
Professional Indemnity insurance
The cost involved in health care today is extremely high and continuously increasing.
Strata
Insurance
Strata insurance provides the peace of mind that comes with knowing your strata property is covered in the event of damage to common areas.