Liability Insurance

We often get questions about all the procedures companies need to take to protect themselves while doing business in the United States. Although Dutch entrepreneurs are used to complying with government regulations and doing everything above the board, it’s easy to overlook liability insurance.

Liability insurance can save businesses from having to spend thousands of dollars down the road. Lawsuits are more common in the U.S., and having coverage for multiple scenarios will help your business continue to operate in the face of adversity.

Here are simple explanations of many of the types of insurances available to meet your business needs:

General Liability

General liability insurance protects your business from another person or business’s claims of bodily injury, associated medical costs, and damage to property.

Personal and Advertising Injury

This coverage helps pay the cost of being sued for libel or slander.

Professional Liability Insurance

Also known as indemnity insurance, this protection helps if you are sued for negligence, even if you have not made a mistake.

Business Owners Policy

This is a combination of general liability insurance and property insurance.

Commercial Auto Policy

This covers any vehicles your business uses.

Property Insurance

If you own the building or have personal property in the office such as tools, computers or office furniture, you will be protected against damage by vandalism, fire, theft etc.

Worker’s Compensation Insurance

This protects you when employees are injured on the job. This insurance is often required when working with independent contractors and will cover the cost of wages and medical costs associated with the injury. Additionally, the employee waives his right to sue the employer for the benefits received through worker’s compensation.

Data Breach Insurance

Businesses that store sensitive data on employee or client computers, data breach insurance will cover the costs associated with the loss of this information.

It is important to do a full investigation into which types of insurance your company will need, and you can find more resources at these websites: