Here is an excerpt from a new blog post at GreggMarcus.com:
Basic small business insurance consists of four focal types of
insurance. These four types of insurance are professional liability
insurance, product liability insurance, general liability insurance, and
commercial property insurance. In this article, Long Island Insurance Executive Gregg S. Marcus seeks to explain what these four types of small business insurance policies are all about.
Professional liability insurance, which is also known as malpractice
insurance, is used to provide coverage to small businesses for any
potential financial losses due to errors done by the company itself or
the company’s employers. Some degree of professional liability
insurance is legally required for those working in the medical field,
including doctors, dentists, and osteopaths. Other small businesses
that are encouraged to purchase professional liability insurance are
hair salons, massage therapy centers, and gyms that possess personal
trainers. This is because these small businesses provide services to
people on a personal, routine basis. This puts them at higher risk than
other businesses to be held liable for potential injury occurring on
their property.
To view this post in its entirety, click here to visit the Gregg S. Marcus official website.
