Whether you own a small local restaurant, a hair salon, or a landscaping business, chances are, you want to ensure that your employees, business property, or vehicles are protected from work-related incidents. That's why you need business insurance from MAPFRE!
There are 32.5 million small businesses in the United States which employ 46.8% of the private workforce, according to The Office of Advocacy, an independent office within the U.S. Small Business Administration. Whether you own a small local restaurant, a hair salon or a landscaping business, chances are, you want to ensure that your employees, business property or vehicles are protected from work-related incidents. However, what your company does and how big it is will determine exactly what your policy will cover and what it won’t.
Location also is a factor as busier, more populated urban areas will usually net you a higher premium where less populated more rural areas would probably not. Other items that could impact your rate include your property’s age, occupancy of the building and how the building was constructed.
Depending on the number of people you employ, the more general liability and professional liability insurance you will need to purchase – the more you need to protect, will generally increase your premium costs.
Type of PolicyBecause not all businesses are the same, insurance coverage will vary depending on your individual business needs, size or any other number of factors. With MAPFRE, there are additional protection options available for your business:
Property: This type of insurance protects the physical property of your business — whether you own or rent it. The coverage can help protect things such as inventory, tools, equipment, computers and furniture.
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