by Michelle Ferris on Aug 16, 2016
Avoid Financial Disaster with the Right Business Insurance
Trying to sneak by without business insurance exposes your business to terrible risks. Can you really afford not to have adequate business insurance coverage? You never know when an accident will strike, or when an employee will get hurt. Not having the best business insurance can cost you and your family the business as well as your home, savings, retirement, the education of your children, and many other assets.
Unfortunately, bad things happen to even the most conscientious business owners. That’s why business insurance is here to protect you. Getting business insurance isn’t just the responsible thing to do. It's what earns you your peace of mind.
Many business owners pay too little and end up with inadequate business insurance. A whole other set of business owners pay too much on their business insurance. The best way to avoid either group and end up with the business insurance you need is by talking to an independent business insurance agent. Our independent agents at PLC can put together a professional, no-obligation business insurance quote for you.
Risks to Your Business
You never know when things like fires, flooding, lawsuits, accidents, theft, or loss of records will stop your business in it’s tracks. But it’s key that you use resources like business insurance to protect it when things like this DO happen. It’s better to be prepared than to be pummeled by large bills afterwards.
With all the things to keep track of with your business, you shouldn't have to add the worry of “What If…” With the right coverage, you can sleep easy knowing you’re protected.
Why insure your home business if you already insure your home? If your computer breaks, your home insurance has you covered, and if a client slips on your floor, your home insurance will cover that, too... Right?
Most home insurance policies don’t cover the risks and liabilities of in-home companies.
If your computer (or other equipment) is used primarily for business, it isn’t covered by your home insurance policy. Same goes for other business-related incidents.
Some of the most common in-home businesses are:
It doesn't cost much to add business insurance coverage tailored to your setup. It’s probably a great deal less than the loss you would be facing if you were to have a claim from theft, accidental damage, natural disasters, vehicle accident or loss from employee or visitor injuries.
There are options available to you – make sure you ask your insurance agent about protection for your business… before it’s too late.
If something happens...
Do you have the right business insurance coverage, at the right amounts, to make sure you can open your doors to business quickly? There are very important questions to ask of yourself and your insurance agent:
Insurance is all about the worst-case scenarios. You need to be prepared for problems of every size, so that if something happens, you, your business, and your employees won’t be left out to dry.
Anything less than full business insurance coverage isn’t adequate protection
Consult with a knowledgeable business insurance agent before purchasing any policies. If you are just launching your business, make sure you haveadequate coverage before you open your doors. And don’t fall into the trap of getting too comfortable.
Many business owners purchase their policy and never look at it again. This is dangerous - if details of your business change, your policy needs to reflect the changes so that, in case something happens, your claim won’t be denied.
Set a date on your calendar a couple months before your renewal to review your business insurance policy with your insurance agent.
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We have a customer, Al S. from Bothell, who went through a few different claims issues...
February 13, 2012
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