Many entrepreneurs are confused when it comes to business insurance, why they need it and what should be covered. Your business insurance could be the difference between your business succeeding or failing, so it’s smart to make the time to establish a proper policy.
What Kind of Insurance is Best for My Business?
There are two areas of business insurance that nearly all businesses need: property insurance and liability insurance.
Property insurance will help protect the physical assets of your business, such as office space, furniture and equipment. The type of coverage you’ll need is going to depend on the kind of business you run and the size of your business. For example, a local salon would not need nearly as much property insurance as a retail store.
Business liability is another type of coverage that can protect you in case one of your customers or employees gets hurt while on the property. This may protect you from lawsuits over issues like slip and falls and other incidents in which someone could be injured on your property, even if it isn’t your fault.
Determining which kinds of coverage you need can take a bit of work, but help is available! Our team specializes in helping business owners make sound choices on protection, and the finding carriers who offer the best possible prices on that coverage. To learn more, set up your free consultation by clicking below.
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Nashville, TN 37215