Ramsey Insurance Blog

Opening up a business can be a scary moment but it’s essential to discover the correct West Virginia Business Insurance Coverage’s needed to protect your company. Confused on where to start? Browse over the 2 most Business Insurance coverage’s wondered by business owners exactly like you:

1. Worker’s Compensation Coverage

The Concept of Worker’s Compensation Insurance policy is that the employer is responsible for paying benefits to an employee injured on the job, whether or not either party was negligent. Benefits granted by worker’s compensation coverage are intended to be an employee’s exclusive remedy for claims against their employer. An employer who fails to provide Worker’s Comp coverage to an employee is usually subject to a fine. Not only can a fine be imposed for failure to provide Worker’s Comp coverage, but also for failure to maintain coverage.

2. General Liability Exposure

This coverage is also known as 3^rd party coverage. This means that the insured buys this coverage to protect themselves from claims filed by others against them due to the insured’s negligence. Example of claims:

• Visitors and Customers injured on our insured’s premises.
• People other than the insured’s employers, injured by insured’s product.
• Property Damage caused by our insured to the property of others.

Here at Ramsey Insurance Agency, we have the best agents in the state to help you with your West Virginia Business Insurance needs.  Please give us a call, so we can help you start your business the right way.