Business Insurance Wisconsin: Guidelines

Business insurance Wisconsin citizens needs to take into consideration can take many forms depending on the nature of their business. That said many forms of business insurance are quite general and apply to just about any business. Let’s go over some guidelines for business insurance Wisconsin state insists on.
Any business that deals with members of the public on their own premises will have to get general liability insurance. General liability insurance is exactly like it sounds, a general form of insurance that covers all kinds of minor incidents with the public such as slips and falls, theft of personal property and much more.
If your business hires a lot of employees there are several forms of insurance related to these workers that you should seriously consider. Firstly you should be aware that you will be held responsible for any incidents that happen as a result of your employees’ negligence, so you better prepare for the worst and get employee liability insurance as soon as possible. Employee liability insurance covers any incidents that your employees caused; if you would like to lower your premiums you should maintain strict hiring standards and provide your employees with extra training for difficult situations.
If you operate a tavern you should definitely have the two forms of insurance outlined above as well as dram shop insurance. Dram shop insurance protects you if an incident results from a customer getting drunk in your tavern. If you sold alcohol to a customer who was clearly drunk you could be held responsible for their actions, for example vandalism or drunk driving, so it’s definitely important to have dram shop insurance.
In addition, if they’re looking for business insurance Wisconsin residents should consider insuring their premises for fire, flooding, earthquakes, etc. It can be devastating to slowly build up a business over many years only to lose it all as the result of an act of God.