Selecting business insurance when there’s no one size fits all.
In a difficult business climate, ambition, drive, and determination are more important than ever. You don’t want to spend a lot of time dealing with unnecessary business admin, either. Even though it’s easy to head online and select the right business insurance policy that you see fit – don’t. There is no one-size-fits-all policy. When it comes to protecting your business, spare a few minutes to tailor your coverage.
Whether you’re a big or small business, acquiring the right protection is critical. Commercial insurance can cover your property, equipment, employees, and finances from ruin. With a lot at stake, it’s worth sparing a few minutes to decipher what policy is best for your business.
Home Based Business
If you work from home, you probably think that your equipment and data is safely guarded by your homeowners insurance. Unfortunately, this policy may not cover your business dealings, should an incident happen. Business insurance is required to cover your equipment, liability, and more.
Small and Start-Ups
If your business is fairly new and small, totaling less than a few million dollars annually, you’re likely to be operating a small business. For this, a Business Owners Policy (BOP) should be acquired. This coverage incorporates a range of risks and can be tailored to your needs and budget.
If your business is growing rapidly, you’re well on your way to owning a medium or large business. With growth comes a whole new set of risks and responsibilities. More staff and higher revenues call for a review of insurance. You may consider tacking on additional coverage, such as cyber liability insurance or directors and officers insurance!
So that you have the right protection for your growing business in place, visit the team at Nahai Insurance Services to get started on your custom policy.