If you’re a small business owner, one thing is for sure: you work (or have worked) really, really hard to get where you are.
Which is why it’s shocking that many small business owners don’t include risk management as an integral part of their business model. In fact, according to the McKinsey report, almost 40 percent of U.S. sole proprietorships don’t carry any commercial coverage.
Most often, small business owners fail to purchase insurance because they don’t realize how important it is. We’re here to make sure this doesn’t happen to you.
It’s obvious that these policies come in handy when they are needed most (in case of an emergency or litigation). But more importantly, they offer everyday assurance that your business is protected against easily foreseeable risks.
When it comes to building an insurance policy there is no one-size-fits-all for every business. A bowling alley has different coverage needs than a law firm. For this reason, most business owners will purchase a combination of policies that protect the business, owners, and employees in some or all of the following areas:
- Property
- Liability
- Crime
- Commercial Auto Insurance
- Business Interruption Insurance
- Equipment Breakdown Insurance
- Workers Compensation
- Cyber Insurance
- Employee Benefits (such as)
- Dental
- Vision
- Disability
- Group Life Insurance
- Annuities
Most small businesses (especially sole proprietorships) need just a few of these policies to protect against most of the risks your business might face.
If you have any questions or would like to an agent about protecting your business, reply to this email or call the office to talk with one of our agents: (562) 806-0778.
