By Maura Vezina
Whether an entrepreneur or a veteran of business, you know that you need to be adaptable if you want to survive. You know that the unexpected can and does happen. Making sure your company is properly insured allows you to devote more of your time making sure your company flourishes, and less time wondering if you’re sufficiently protected. Below is a brief synopsis of the different business insurance options and several questions to consider.
First, as a business owner, you must be aware there are four types of business insurance:
- General Liability/business property
- Workers Compensation
- Commercial Auto
Some business may need General Liability only. In other cases, business may require all four types of insurance to adequately protect its assets. Be sure to speak with your insurance agent to know for sure what kind, or kinds, of insurance you’ll need to keep your company moving forward.
We at Farmer’s know businesses must adapt to stay competitive. Your insurance should be just as adaptable. However, remember to ask your agent these questions to ensure your insurance coverage is enough for your needs.
- Is the amount of coverage appropriate?
- What is the reputation of the company?
- How does this company rank on customer service?
- Do you understand what your coverages are?
Did the Insurance Agent take the time to find out what your business insurance needs are? If your agent does not understand the needs of your company, how can you expect them to properly insure it? Make sure your agent fully understands your business’s needs. Once he does, your insurance coverage will reflect the understanding.
In the world of insurance you are not alone. We at the Uram Agency have a dedicated staff of commercial agents who understand the world of commercial insurance. We have the tools to make sure your company is properly insured, so you can get back to the fun stuff – like running your business.