6 Things to Know About Small Business Insurance

No one leaves the door of his or her small business unlocked at night, do any of you? No, Right! So why to leave yourself unprotected against the fire, flood, lawsuits and any other dangers?

Here are a few things to know how smallbusiness insurance guards you and your company.

1. You need business insurance
 As we know that even the smallest businesses can be sued and can put you at risk of losing your income, savings and other additional assets. Other events like fire, theft, data breach, and accidents also call for specialized coverage.

2. Your current coverage may not be enough
 Generally, your auto and home policies don't cover business-related claims. Liability coverage and business property coverage helps to protect your valuable assets. For instance, you can get your company’s technology insured, like computers and its data, and it will help you  in protecting your business from data breaches and theft.

3. You need to protect both your employees and yourself
You need the protection of workers’ compensation insurance, once you hire your first employee. This insurance provides benefits to workers for illnesses or work-related injuries that cover medical expenses, disability, lost wages,  and benefits for families in case of a fatality.

4. You need to protect your business
Being an entrepreneur, you need to ensure that your income stream is safe or not. After any accident, your business may have to close down temporarily. But how long can you afford it? In this case, business interruption insurance replaces your lost income while repairs are made.

5. You can't rely on other person's insurance
If someone is injured at your place, then even if they have health insurance, you can be sued. And to avoid such situation, General liability insurance can help you and protect you from claims.

6. Your current agent may not be the best for the job
You must have an insurance agent for your home and cars, but for small business insurance, you need someone who specializes in business insurance. So never refer the one who does not have the proper knowledge in this field.

To know more about small business insurance and to begin a quote, contact Florida Insurance Marketers and get an accurate and competitive quote.




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