Whether you’re a “solopreneur” or lead a team of hundreds, your company needs protection from the risks of business ownership.
If you can’t operate your business because your property or equipment is damaged, we’ll help cover your costs, up to the actual amount of lost income.
Not every business owner also owns their building. If you rent your shop and it is damaged, up to $50,000 of costs are covered.
This coverage pays your business back if you must defend against a lawsuit connected to a worker’s employment. This has a limit of $10,000.
Coverage specifically for the tools and machines you need in your business is included with the policy.
These types of business offer especially competitive rates and special enhancement endorsements.
When you think of keeping your workplace safe, you probably think of goggles and gloves, or secure computer passwords. But there’s another way you can make sure your company is protected: with EPLI.
EPLI stands for employment practices liability insurance. It covers employment-related lawsuits, like discrimination or sexual harassment, for your entire company. Hastings Mutual offers tools to help manage EPLI information, including a legal expert specialized in employment-related issues, and information you can customize for your company’s specific situation.
Situations where EPLI coverage might apply can involve many different parts of your business. Make sure your company has some basic practices in place to reduce your risk of liability.
Many companies feel “like families,” but employees can and do sue their employers for many different reasons. Laws and regulations can change at any time, and the cost of going to court after a claim can be $10,000 or more — a real hardship for a small business.
Talk to your independent insurance agent for a quote on coverage, and for more details on what Hastings Mutual can do for you.