Business Insurance in Cranston , RI
The right insurance policies can support the long-term growth of your business. At Gaulin Insurance Agency, we’re here to help business owners choose appropriate policies for their ventures.
What Business Insurance Policies Are Required?
Many businesses in Rhode Island are required to carry workers’ compensation insurance. This can help pay for the medical expenses, funeral costs or lost wages of employees who are involved in work-related incidents. It can also cover a business’s legal expenses if an employee sues for workplace injuries.
Vehicles used for business purposes must be covered by a commercial auto policy. The state requires minimum amounts of liability coverage for bodily injury and property damage.
What Policies Should My Business Carry?
Aside from the policies mentioned above, your broker may recommend that you purchase the following:
- General liability insurance can be helpful if a third party files a claim for advertising injury, bodily injury or property damage against your business.
- Commercial property insurance can cover commercial space, furniture, equipment and inventory.
- Cyber insurance can cover losses due to a data breach or a cyberattack.
- Business interruption insurance can cover lost income if a covered risk forces you to close your business temporarily.
- Errors and omissions insurance can cover legal expenses if your business is accused of negligence or oversight.
How Much Do These Policies Cost?
The cost of business insurance policies can depend on the following factors:
- Industry
- Location
- Number of employees
- Employee driving records
- Business assets (e.g., properties, vehicles, inventory, etc.)
- Claims history
- Policy limits
- Deductibles
Get Covered Today
Contact Gaulin Insurance Agency to request quotes or learn more about your business insurance options.