Why You Need Business Insurance
Insurance is there for you if something goes wrong at home and at your business. The right insurance can save you from financial catastrophe no matter the circumstances. Here are some reasons to make sure you have the RIGHT business coverage:
- Leasing a commercial space. Landlords typically want tenants to carry General Liability and Property Insurance. Actually, most landlords require proof of insurance before they’ll rent you a commercial space.
- Winning new clients. The bigger a client, the more complete the deal the more likely you are to have you sign a contract. That contract will often require you to carry Errors & Omissions Insurance. This business insurance is critical. If something goes wrong, you can pay for it (so your clients don’t have to).
- Complying with state laws. Businesses that have employees are required to carry Workers’ Compensation Insurance in 49 states (Texas is the exception). Regardless of the laws where you live, it’s smart to invest in coverage that can pay the bills if your employees are injured on the job.
- Paying costly legal bills. If a visitor or an employee falls on your property or you sell a product that hurts someone, you could get sued. General Liability Insurance with Product Liability coverage, offers lawsuit protection so legal bills don’t drain your bank account or force you out of business.
- Securing your income. If a fire or other event forces your business to close, Business Interruption Insurance can replace your lost income. This little-known gem is usually part of a Business Owner’s Policy and can be the difference between saving or losing a business
-
Covering your business driving. Whether you carry materials and tools between worksites or rent cars when you’re
traveling to meet clients, Commercial Auto Insurance can cover damage and liability just as your personal auto insurance does. If you have a vehicle titled to your business, then Commercial Auto is the policy you should consider - Saving at tax time. Like most business operating expenses, business insurance is tax-deductible.
Featured Blogs
- 5 Simple Ways to Boost Your Immune System (and 1 unusual way)
- Embracing Our Roles: Renewing Our Commitment to Sustainable Living
- Tips for a Stress-Free Tax Season Experience
- Spring fitness ideas
- Inspirational women who make the world a better place
- Creating a Positive Start to Your Day
- Spring Forward: Adjusting Your Routine for Daylight Saving Time
- Gratitude - Key to a Positive Mindset
- Adopting a Holistic Wellness Approach to a Healthier You
- 3 Common Sense Things People Should Know
- Exploring Superfoods: Nutrient-Packed Ingredients for a Healthy Diet
- Unraveling the Mystery of the Extra Day
- Digital Detox: A Healthy You in a Hyperconnected World
- Financial Fitness in 2024: Budgeting and Saving Tips
- Three Joyful Habits for a Healthier You in 2024
- New Year's Resolutions: Staying Committed Year Round
- The Magic of Christmas Traditions
- Staying Healthy During the Winter Months!
- How to be a Time Management Whiz During this Busy Season
- Self-care tips for December
- Five Health “Hacks” For Happy Holidays
- Turning 65? Looking at Medicare?
- Turning 65? What You Need to Know about Signing up for Medicare
- The Smart Home: What is that?
- Important definitions to help you understand your life Insurance
- Why an Insurance Agent Makes a Difference When Buying an Insurance Plan
- Preparing For an Emergency
- Davis Insurance Fresh New Look!
- Why Do I Pay Medicare Part B
- Don’t Let Insurance Coverage Gaps Put You at Financial Risk
- It’s February And That Means It’s American Heart Month
- Starting a New Business? Don’t Forget Your Insurance
- How to Stay on Track with Healthy Goals for 2017
- Insurance and Financial Planning Resolution for 2017!
- Wishing You a Happy Holiday Season
- End of the Year Financial To-Do List
- Modest Increases for 2017 Medicare Parts A & B Premiums and Deductibles
- Open Enrollment For Health Insurance is Here!
- Eat Well, Sleep Enough and Move to Stay Healthy
- Four things to know about Medicare Open Enrollment
- Pick a Plan, then Find The Right Doctor