Each day, as a small business owner, it presents its own set of questions and challenges. However, when the future of your business is in your mind, one question that you might face is whether you should get small business insurance. If you have questions about this type of insurance or need guidance, seeking the advice of a professional insurance agent such as myself can help. Working for several years for Oyer, Macoviak and Associates, has given me the knowledge and experience to help answer many of the most common questions about insurance; particularly small business insurance. Some questions I’m used to hearing include:
What Is Business Insurance?
Business insurance can cover a full range of things for protecting the business owner from a loss. With this type of insurance, you can cover your business vehicles, property, provide health insurance for your staff, insure against workers’ compensation or liability claims and more.
Do I Need Liability Insurance?
In short, yes.
We live in a world today that can be very litigious. These days, people can sue for about anything and win. Being a victim of any lawsuit is something a small business owner does not need, even if it is a frivolous one. Small business insurance can help cover any damages through a lawsuit that has been filed against you and any legal fees that are associated with this lawsuit. This is why liability insurance is so important for a business.
Am I Able to Combine Different Insurances?
Absolutely. Most policies for small businesses include liability, property, casualty and business interruption coverage. By combining policies, you can even save yourself some money versus paying for separate policies. There is also the home office policy. This wraps up a ‘business pursuits’ endorsement, business and homeowners insurance into your homeowner’s policy. Keep in mind, however, that this might not be the best policy since it offers the least amount of protection.
How Should I Buy Small Business Insurance?
The best way to equip yourself so you make an educated decision on which insurance professional to choose is to know exactly what your business does and the direction in which it is moving. Once you do this, you will then want to find out the different options you have that will be helpful to your business specifically. Next, contact us here at Oyer, Macoviak and Associates and let us give you a no obligation quote and design your perfect policy for your business needs.
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.