Posted on: March 27th, 2015 by The Accel Group | No Comments

 

With The Accel Group, Iowa small business insurance is available under one, comprehensive package. Advisors at The Accel Group can help your small business find the best local or national insurance coverage available. Learn more about the many types of small business insurance coverages below or check out our business insurance page for more information.

 

Property

Small business coverage includes property insurance, covering company property that would include buildings, fixtures, machines and equipment from loss and damage to a variety of elements. Many endorsements are available for all business insurance coverage.

The Accel Group advisors can help determine the need of your specific small business in Iowa. All policies are written based on the type and value of the property, location of the property, and amount of insurance coverage needed.

 

Liability

Small businesses need general liability coverage to insure risk of third-party injuries or accidents that occur. In many cases, liability provides businesses coverage for property and products related accidents, injuries, or mishaps. General liability insurance covers legal issues surrounding accidents and injuries. According to the Small Business Association, liability policies protect businesses against payments due to “bodily injury, property damage, medical expenses, libel, slander, the cost of defending lawsuits, and settlement bonds or judgments required during an appeal procedure.”

Many other types of liability insurance exist for small business owners. Product liability insurance exists to protect manufacturers, wholesalers, distributors, and retail stores from financial loss. The financial loss commonly comes as a result of a defective product that causes harm or injury.

Professional liability or errors and omissions insurance protects business owners in the case of malpractice, errors, and negligence. This insurance protects the professional from business practices that occur in professional capacity and training.

 

Crime

Crime Insurance covers a number of crime related instances including employee dishonesty, computer fraud, funds transfer fraud, forgery, alteration, money crimes, theft and theft of client property.

In case of employee dishonesty, crime insurance covers damage to the business’ personal property, client’s personal property, and theft of money or securities.

Computer fraud involves the loss of money or property that is fraudulently transferred from the system of a business.

Forgery, theft or alteration of money and securities is also covered under most small business crime insurance policies.

 

Other Small Business Insurance Coverage

A wide variety of additional coverage is available to small businesses including commercial auto coverage, workers’ compensation coverage, small truck fleet coverage, pollution liability coverage, inland and ocean marine coverage, director’s and officer’s liability coverage and employment practices coverage.

 

Advisors at The Accel Group want to help you make the best decision when looking to insure your small business in Iowa. For a quote or more information on Iowa small business insurance coverage, contact us to speak with one of our experienced advisors.