As a small business owner, you know that insurance is important, but is your business really protected? If it’s been awhile since you reviewed your policies, it might be time to consider that your small business insurance package might not be covering your needs.
What do I really need?
Make sure the basics are covered. All small businesses should have general liability insurance. This will protect you, your employees and your business from a wide variety of claims. General liability insurance is necessary, but it might not be enough.
If you own a building or property such as office equipment or computers, you’ll want to consider property insurance. This policy should protect your property against fire, theft, and vandalism. Florida faces unique weather issues, so your coverage package should protect your business from wind, flooding, and the effects of the hurricane season.
Insuring your commercial vehicles are another must. Even if you or your employees are driving your own vehicles, if they are used for company business, an insurance policy should be considered.
What type of service does your business offer? From salons to law firms, many businesses should have professional liability insurance on their must-have list.
Even if you are a sole proprietor, working from home, you might not be covered. Home based business insurance might be an option if your homeowners insurance policy doesn’t cover everything you need it to.
Finally, if you are producing a product, you’ll want to look at product liability insurance.
Depending on your business type, there are options available that will cover your needs and won’t break the bank. If you’d like to learn more about small business insurance coverage, contact us and we’ll get you the information you need.
Robert 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. Oyer, Macoviak and Associates are vested members of the community who are committed to doing business face-to-face and being your insurance advocate in times of need.
