What kind of insurance do I need for my business?

In Indiana, the type of insurance you need for your business depends on what type of business you have. For example, if you’re a sole proprietor, you may need liability insurance to protect yourself from lawsuits filed against you or your company. If you’re an LLC, you may need a specialized policy to provide liability coverage and other protection. Additionally, you may need professional liability insurance to cover claims of negligence, errors, and omissions. This type of insurance is especially important for professional businesses such as accounting, legal, and medical services. If you employ workers, you may be required to have workers’ compensation insurance to cover medical and disability expenses if an employee has an accident or illness while on the job. You may also need to carry unemployment insurance to protect yourself if you need to lay off employees. Finally, you may want to consider other types of insurance such as property and casualty insurance, health insurance, and Federal Employers Liability insurance. It’s important to speak with an experienced business insurance provider to determine exactly what type of coverage you need to protect your business.

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