GEICO asks: Is your small business at risk?

WASHINGTON, D.C., Jan. 30, 2016 – A disaster at work can happen any time. Everything you worked hard to build with your small business could go away in the blink of an eye if you do not have business owner's insurance. Are you prepared for the financial loss of these potential risks?

  • A fire at your business could cause major property damage and bodily injury to employees.
  • A customer is injured during the course of your business operations.
  • A potential lawsuit from slander and libel could cost your business thousands of dollars in legal fees and court costs.
  • Someone steals or vandalizes your business equipment, halting your operations.

"Any of these potential risks could cost your business thousands of dollars," said Othello Powell, director of GEICO commercial lines. "Business owners insurance is there to protect you from common types of financial risks and to ensure that your business is up and running at all times."

Business owner's insurance provides multiple coverage options for bodily injury, property damage and fire. Coverages may also include medical payments resulting from bodily injury during the course of your business operations and defense costs for lawsuits, libel and slander.

Powell reminds small business owners to periodically review their business insurance coverage needs. "It's all about protecting your investment in the long run." For more information on business owner's insurance, visit www.geico.com/business-owners-insurance/.

GEICO (Government Employees Insurance Company), the second-largest auto insurer in the U.S., was founded in 1936 and insures more than 27 million vehicles.

To make changes, report claims, print insurance cards and purchase additional products, policyholders can log into their car insurance policy, connect via GEICO Mobile, phone or by visiting a GEICO local agent.

Homeowners, renters, condo, flood, identity theft and life coverages are written through non-affiliated insurance companies and are secured through the GEICO Insurance Agency, Inc. Commercial auto and personal umbrella coverages are also available.

Visit www.geico.com for a quote or to learn more.