Identify the Type Of Business You Run
First, ask yourself a few questions about your business. How many employees work for you? What type of property do you have? How much revenue do you generate? This will help identify the type of business you run and the kind of insurance you need now that you have a better idea of what you’re insuring.
Investigate Possible Benefits
The next step is seeing if you can benefit from these coverage options to protect your business. In case the employees, partners and investors who are critical to your operation become ill, choose the key person to buy sell insurance. Having group benefits, disability and critical illness insurance will also help you attract and keep an amazing team. Once your people are accounted for, it’s time to think about your property. Commercial property insurance covers your buildings and equipment while commercial auto protect your company’s vehicles. Make sure you insure any business related equipment you keep in your home office as well.
So you’ve covered off business assets and staff. What about customers, vendors or other visitors to your business? General liability insurance covers injuries that can happen on your property. Product liability protects you in case the product you sell turns out to be defective, and professional liability covers legal costs or expenses.
Your Bottom Line
The only thing left to think about now is your bottom line, which can take a massive hit if a fire or equipment breakdown forces you to shut down. Luckily, business interruption insurance will reimburse you for any loss profits until you’re back on your feet.
If you would to like to discuss your options for small 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!