What is business insurance?
Denver business insurance, also known as Denver commercial insurance, describes any insurance policy designed to protect businesses, owners, and employees from losses due to accidents, liability issues and more. There are multiple types of business Insurance, including, workers’ compensation insurance, property insurance and general liability insurance. The insurance needs of the business are dictated by the objectives and risk factors of that business. For instance, businesses employing manual labor, such as construction companies and factories, will require more coverage to protect against employee injuries and workplace accidents, while an advertising firm may require more protection against slander or instances of misrepresentation due to errors or omissions.
There are many variables to consider when it comes to the selection of business insurance; the process can be challenging and even confusing when it comes to creating a policy that provides adequate coverage for all the business’ risks and assets. At Mountain Insurance, our network of experienced independent commercial insurance agents knows what to look for when it comes to analyzing the risk factors associated with your business. By working hard to find the most comprehensive policies to cover all of your business needs at the most competitive pricing available, we make the Denver business insurance selection process easy for you so you can focus on the growing success of your business.
Why Business Insurance is Important
On top of providing protection against the costly expenses for the many risk factors associated with owning a business, Denver business insurance can protect the business from incidents, such as lawsuits, that might otherwise deplete its funds or destroy its reputation.
It is mandatory in majority of businesses.
Further, many employee-related insurance policies are now considered mandatory, such as workers’ compensation insurance, a policy intended to protect workers, their families, and even their employers from loss related injury.
Occupational injuries are on the rise.
According to US Statistics, in 2012 alone, 2,976,400 cases of nonfatal occupational injuries and illnesses were recorded. On top of that figure, 4,383 cases of fatal occupational injuries were recorded in 2012.
It gives you peace of mind.
With the risk of losses so statistically high, the coverage offered by business insurance policies like Denver workers’ compensation insurance is essential protection for the business owner, employees, and the business itself.
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