While most business owners are familiar with common commercial insurance policies like property and liability insurance, there may be other more specialized coverages that your business could benefit from. Here are a few lesser-known commercial insurance protections that could be important for your business.
Employment Practices Liability Insurance: Warding Against Workplace Claims
Employment Practices Liability Insurance (EPLI) offers protection against covered claims by employees alleging issues such as discrimination, wrongful termination, harassment, and other employment-related matters. Even the most well-intentioned businesses can face these kinds of allegations in today’s increasingly litigious society. Therefore, at Gateway Property & Casualty, we often recommend that most businesses in Dover, NH with employees consider EPLI.
Crime Coverage: Shielding from Theft and Fraud
Typically, crime coverage protects businesses from losses due to theft, fraud, forgery, or burglary committed by employees or third parties. Regular coverages often exclude employee theft. Since the risk of financial crime is a reality that can affect any business, crime coverage ensures that companies can recover from covered losses stemming from such incidents.
Cyber Liability Insurance: Safeguard in the Digital Sphere
As businesses increasingly move their operations to digital platforms, the threat of cyber-attacks and data breaches rises. Cyber liability insurance generally covers the costs stemming from data breaches, including notification expenses, credit monitoring services, and legal fees.
Selecting the Right Commercial Insurance Coverages for Your Business
At Gateway Property & Casualty, we understand that navigating through commercial insurance coverages can seem complex. But we’re here to help. If you own or run a business in Dover, NH, contact our agents today to find the commercial insurance right for your specific business needs.
