Running any business involves risk so you’re making a wise investment when you protect yourself with business owners insurance.
With the right type of commercial insurance designed for your needs you can protect all of your business assets such as office equipment, inventory, vehicles, etc. If your business success depends heavily on a key business partner, an employee, and especially yourself, insurance can help your business survive unexpected challenges and provide a temporary source of income if needed.
Depending on the type of business you’re in and your own personal situation, there are a number of options to consider to protect your livelihood.
Insurance for key players: If the departure or death of a partner or a key employee would threaten the future of your business, or your own untimely death would leave your family with significant debt, then you should consider:
Business Property Insurance: You can protect your business earnings and assets if some disaster or emergency destroys part of it or all of it with the following:
Business Liability Insurance: No one means to make a mistake but they do happen and lawsuits follow. Here are the common types of liability insurance to protect your business from lawsuits:
There is certainly a lot to think about so talking with an insurance expert makes good business sense. Feel free to contact Sean McNamara at Mitchell and Whale Insurance Brokers today at 1-800-731-2228 or email me at firstname.lastname@example.org. I specialize in business insurance and I’d be happy to help you.