Rhode Island is home to more than 100,000 small businesses that provide employment for more than 220,000 employees. All Cranston RI business owners should take proactive measures to protect their investment. One of the best ways to do it is to obtain cheap small business insurance.
Rhode Island has a no-fault insurance policy; this means that worker’s compensation insurance is one of few required insurance coverage options among business owners in Rhode Island. This is to ensure that employees can get covered if they are injured or got sick while on the job. For business owners, it is also important to compare the best quotes for general liability and other types of insurance so that you can be protected from financial loss.
There are many private insurance companies in Cranston, Rhode Island that can customize your policy to get the best commercial insurance rates. But first, you need to look into a few factors such as the type of industry, nature of business, number of employees, and other risk factors. This will help you pinpoint the exact coverage you need to have peace of mind that you are protected when any unexpected event happens.
Businesses are exposed to different liabilities, especially when they have a commercial space or when they deal directly with clients. For this reason, Cranston business owners must possess at least the commercial general liability insurance coverage. This is your first line of defense against the prevalent risks in your business so that you won’t have to pay for medical costs, legal costs, and other such claims.
General liability insurance protects RI businesses from the following claims:
In most cases, you can get low cost policies with the general liability insurance. However, this is often not enough for professionals, contractors, and other businesses that offer specialized services.
Make sure to consider adding more coverage to your cheap small business insurance policy:
You can check out other cities in your state to compare rates: 1, 2, 3, 4.