Business Insurance in Narragansett, RI

More than $1.3 billion in business insurance claims was paid out by carriers in Rhode Island last year. To avoid paying for many common, costly disasters out of pocket, businesses of all sizes need to consider getting business insurance.

An independent insurance agent in Narragansett, RI can help your company get equipped with the coverage it needs the most, long before it ever needs to file a claim. But for starters, here's a breakdown of business insurance in Narragansett, RI.

How Much Does Business Insurance Cost in Narragansett, RI?

The cost of business insurance is hard to estimate without knowing your company's specific:

• Size
• Annual payroll and revenue
• Number of employees
• Coverage needs
• Operations and exposures
• Location

All of these factors together determine the cost of your business insurance policy. An independent insurance agent in Narragansett, RI can provide you with several quotes for your area.

Is Business Insurance Required in Narragansett, RI? 

For businesses in Narragansett, RI, you'll need to provide workers' compensation if you regularly employ workers at the same company. This coverage is mandatory by state law, and it's the only type of business insurance technically required at this level. Having workers' comp protects your business against employee lawsuits for claims of injury, illness, or death caused by the job.

But just because other types of business insurance aren't required at a state level doesn't mean they're not essential coverages. Having a complete business insurance policy can help your business avoid bankruptcy. Ask your Narragansett, RI independent insurance agent for more details.

What Does Business Insurance Cover in Narragansett, RI? 

All businesses have unique risks and coverage needs. But some of the most common coverages you'll want to consider adding, along with workers' comp, include:

• Premises liability insurance: This covers third-party bodily injury claims or personal property damage claims on your business's premises.
• Commercial auto insurance: This covers any company vehicles against fire damage, theft, liability, etc.
• General liability insurance: This covers third-party claims of bodily injury or property damage by your business.
• Cyber liability insurance: This covers incidents like data breaches that can expose or tamper with sensitive data or private information stored electronically, like credit card numbers.
• Pollution liability insurance: This covers claims of environmental pollution by your business and related cleanup costs.
• Employment practices liability insurance: This covers claims filed against your business by employees for sexual harassment, discrimination, and more.

With your Narragansett, RI independent insurance agent, you'll build a business insurance policy that considers all of your specific exposures.

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What Does Small Business Liability Insurance Cover in Narragansett, RI?

With enough small business liability insurance, your company can get important reimbursement for lawsuit expenses. If you get sued by a third party for claims of bodily injury or property damage by your business, having small business liability insurance can pay for the associated attorney and court fees, and possible settlement costs.

Don't let your business face an unnecessary risk of bankruptcy that the right insurance could help you avoid. Talk with your independent insurance agent in Narragansett, RI about getting equipped with small business liability insurance today.

Are There any Small Business Health Insurance Plans in Narragansett, RI?

Small business health insurance plans are offered to businesses with between two and 50 employees in Narragansett, RI. Employers can find coverage through the Small Business Health Options Program (SHOP) marketplace online, or with the help of their independent insurance agent. Your business might even qualify for tax credits on coverage if it meets certain qualifications.

What Are the Best Small Business Insurance Companies in Narragansett, RI?

Instead of browsing through endless options for small business insurance companies in your town, check out our list of top recommendations for quality coverage in Narragansett, RI, instead.

Best Small Business Insurance Companies in Narragansett, RI	Star Rating
EMC Insurance
Nationwide
Acadia Insurance
Encova
Builders & Tradesmen's Insurance

Why Work with an Independent Insurance Agent in Narragansett, RI?

There's no such thing as a one-size-fits-all business insurance policy. With a wide variety of products and options at your disposal, you can put together a solid business insurance package that's custom-built for your company.

Independent insurance agents can help you choose the right policies and options to meet your company’s specific coverage needs. Because they're independent, these agents can work with several of the best business insurance companies in Rhode Island to find you the right coverage at a great price.