So much goes into starting a new business, especially if you are building it yourself from the ground up. Among one of the most important considerations that you will face is the purchasing of small business insurance to protect yourself and your investments.
As a provider of small business insurance who knows the ins and outs of the industry, I would like to offer some advice to help you navigate this tricky field.
How to Make Informed Decisions Regarding Small Business Insurance:
Step One: Be sure to shop and compare. You would do this if you were buying auto or homeowner’s insurance, and the same holds true in the realm of small business. Be sure that you are well informed regarding what is available and at what average prices before your lock yourself in.
Step Two: Do not be afraid to consult with a legal adviser. In fact, I recommend that you do so! The volume of reading, the technical terms, and the many loopholes make understanding your business insurance policy options a formidable challenge. Consulting with a legal adviser means that you will be able to take advantage of the expertise of a lifetime.
Step Three: Remember your umbrella. Most small-business owners are unaware that even with a good policy in place, there may still be nooks and crannies that are not covered. To keep from any nasty surprises, investing in umbrella insurance in case any claims ever exceed the limits of your liability insurance is a wise choice. In fact, just recently, USA Today ran a story highlighting the benefits of umbrella insurance.
Optional Step: Call us. Remember that we here at Oyer, Macoviak and Associates are available to answer your questions and to help you with all your insurance needs.
Feel free to contact us at any time.
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.
