Some believe risk is the nature of business. It is our business to help your business mitigate those risks with effective and innovative business insurance solutions. We offer a variety of business insurance products that help you do just that.
What are the Risks Your Business Faces Insurance Can Address?
It’s true that insurance can only do so much for business. There are some risks you’ll have to mitigate with careful planning and sound business strategies. One of those strategies, however, is finding effective insurance products to limit the following types of risks for your business:
- Fire
- Lightning
- Windstorms
- Theft
- Injuries
The right types of business insurance can help you reduce your exposure to those risks, especially when used in combination with sound risk assessment and mitigation policies within your own organization. Prevention, after all, is always the best cure. Good insurance policies exist because accidents and acts of nature occur no matter how carefully you guard against them.
Why Purchase Insurance?
You worked hard to create your business. You put in long hours and no small amount of money, blood, sweat, and tears to make it grow and thrive. The thought that one split second act of nature or slip and fall injury could take it all away without a second thought is almost too much to take.
Without the right kind of insurance, it can be as simple as that. Even worse, if there is an injury on your property and the costs of treatment, medical care, and/or damages exceed the value of your business; your personal assets could be at risk.
Insurance doesn’t prevent injuries, accidents, fires, and devastating acts of nature. That’s not what it is meant to do. What it does, is protect you and your business from facing devastating financial losses as a result.
A standard business owner’s policy (BOP) often includes some combination of the following types of insurance coverages:
- Business property insurance (for the buildings and the contents of the buildings your business owns).
- Business interruption coverage.
- General liability protection.
That’s a great start and, certainly, the minimum insurance coverage your business requires. It does not, however, offer protection from the following and more.
- Professional liability.
- Flood protection.
- Workers’ compensation coverage.
- Health insurance.
- Disability insurance.
- Auto insurance for business vehicles.
- Umbrella liability protection.
Finding the perfect amount of coverage and types of coverage your business needs is a delicate balancing act that requires the assistance of someone who understands the unique needs your business faces in your community.
Contact Roman Galey today for a comprehensive look at your business insurance solutions needs. He can help you choose the right kind of coverage for your business, so you can rest easy knowing your insurance coverage is sufficient for the needs of your business today, and as it grows.