Types Of Commercial Insurance That Help New Business Owners

Lifetime Investments provides Mesa, AZ business owners with a wide range of high-quality business insurance options. If you are starting a new business and need help choosing the type of coverage that is right for your needs, we can help. The following services are something that all new business owners in Mesa, AZ need to purchase.

Professional Liability

This type of insurance policy is designed to protect you from lawsuits caused by negligence in your business. For example, if you fail to warn a customer about a danger of your product, professional liability will provide you with coverage for the likely lawsuits.

Property Insurance

All businesses have property, such as an office building or office supplies. This property needs insurance to cover it in case it gets damaged. For example, good property insurance can protect you from natural disasters and other serious dangers that could otherwise impact your business.

Workers Compensation Insurance

Don’t forget to pay for workers compensation insurance! States require this kind of insurance as a way of protecting you from financial loss if your employees sue you for lost wages. Compensation provides them with a little money to tide them over while they recover from a serious injury.

Product Liability

Those who plan on producing a wide range of products need to get them insured properly. Failure to do so could result in a hefty burden of lawsuits if your product injures one of your customers. For example, a malfunctioning lamp that burns down a house could create a serious financial problem for you without product liability.

Keeping Your Business Safe

If you are ready to get going with your new business, contact us at Lifetime Investments to get the insurance policies you need. We provide a broad range of policy types and will work with you to find one that works right for your unique coverage needs.

Is there a need for Salons Insurance?

Salons are one of the most frequented beauty places by ladies and gentlemen as well. This service business venture relies on one on one human interaction through which many things could go wrong. As a salon owner in Mesa, AZ, you are responsible for the welfare of both your customers and your employees as well. An insurance cover is also important for yourself as it will protect you from losses that may be caused by perils like fire or natural disasters as a business person.

Lifetime Investment Agency gives you a lot of covers. Some of the reasons why Lifetime Investments Agency advises you to buy insurance covers for your salon include;

  • Injuries to your customers inflicted by your machines or employees
  • Physiological damage caused by a beauty procedure that went wrong
  • When the beauty products you use have been recalled
  • In the event of fire outbreak due to use of flammable products
  • Damage or breakdown of salon equipment

Some of the insurance covers that a salon owner at Mesa, AZ can purchase at Lifetime Investments Agency include;

Public Liability Insurance cover- This is one of the covers that most business owners who deal with people every day must buy because it protects you if someone is injured or when their properties are damaged because of your business or a fault at your premises. It covers all claims that are made against your Salon. The cover takes care of all damage and legal fees if you are taken to court.

Employer’s liability insurance- This covers the damages and claims from employees who have been injured while working at your salon.

Business insurance cover – this cover losses and damages that you will incur when your salon is on fire. It also covers the loss of clients and thus revenue due to the breakdown of one of your equipment.