Follow this game plan to get your startup’s business insurance started.

Business insurance exists to protect your investment that is your business, along with the money that your investors put in. It can also provide you with financial compensation to your employees if any accidents occur. Most commercial business insurance coverages are optional, while others, like workers compensation, are mandatory in most states. General Liability Coverage: If anyone slips and hurts themselves on your property, you are liable for their injuries. Liability insurance covers you for any lawsuits or claims that are made against you. Property Insurance: This covers your physical building and everything that’s inside of it. It also covers storm damages like trees falling, tornados; as well as man-made disasters like theft and fire. Workers’ Compensation: Most states require that you carry this type of insurance for your employees. This type of insurance covers medical bills if they get injured on the job—in exchange for them not suing your company for negligence. Commercial Umbrella Insurance: The primary purpose of this insurance is to cover your business even more. If lawsuits or accidents go above and beyond your umbrella-less policy, it could mean real trouble for your business. If you’re a small business owner, it’s important to know all the different kinds of insurance that are available to protect you and your business. Not being prepared for the worst and thinking that you and your business are invulnerable will come back to bite you with the force of 10,000 crocodiles. Be on the safer side of caution and contact Carver Insurance Services, Inc. in Menifee and Murrieta for all of your California business insurance needs.