Have you started a new business? Congratulations! If you’ve made it this far, you already know the process of starting and maintaining a business is no cakewalk. There are so many things to think about and take care of that it isn’t uncommon for most new business owners to feel overwhelmed. We hope to alleviate some of that stress by talking to you about an important business operation matter: insurance. In this post, we’ll go over why business insurance is so important for new businesses.
Why Business Insurance So Important
- It’s a Legal Requirement: This is something you likely already knew. But if you are serious about running a reputable business, it’s absolutely required by law to have business insurance. Depending on the size and structure of your business, there are certain types of insurance you may or may not need. It’s best to call an insurance company to discuss your business so you can find out what kind of insurance coverage you need.
- You Need it For Protection: Business insurance protects you, your employees, your customers, and your business. In the event that you ever get sued, you absolutely want to be covered with business insurance so that whoever is suing you cannot come after your personal assets. When your business has liability insurance, you can rest easy knowing your business will be protected in the worst possible scenario.
- It Gives Your Business Credibility: A law-abiding business is a credible business and when you have the proper insurance coverage it gives your business entity a stronger, more trustworthy reputation. Whether you’re talking to a potential investor or a new customer, having insurance shows people that you are worth giving time or money too, because you have proven to be a safe bet.
If you would to like to discuss your options for business insurance please call us at 561-732-9305 our quoting hours are Monday through Friday from 8:30 AM to 5:30 PM. In addition, you can request a quote online. Please remember, We Handle All the Work, While You Save!
Rob Macoviak is the President of Oyer, Macoviak and Associates. Oyer, Macoviak and Associates is the oldest independent insurance agency in Boynton Beach and has been in business since 1953.