According to local entrepreneur, Jay Uribe, there is never a “perfect” time to start a company. He advises future entrepreneurs to begin the process, work hard and surround themselves with a strong team.Accidents are bound to happen — and problems like property damage, liability lawsuits, and cyber breaches can be expensive to solve without proper coverage. Safeguard your business with an insurance plan that’s tailored to your needs as an owner.
Buying Business Insurance
- Evaluate Your Risks
What could possibly go wrong? Consider all the potential risks (e.g. cyber breaches, natural disasters, or workplace accidents) that could derail your business.
- Find an Agent
Remember that commercial insurance agents receive a commission for policy sales, so make sure to find one equally attentive to the needs of your business. Your agent should assist in providing resources to help prevent losses.
- Comp Shop
Assess offers from a number of agents to get a complete picture of how the various rates, terms, coverages, and services compare. Agents can be especially helpful in identifying any potential gaps in coverage.
- Evaluate Your Risks (Again) Each Year
Growth and escalating risk go hand in hand, so continue to be mindful of changes or unexpected costs. Your agent can help you determine how those issues impact your business insurance.
|Insurance Type||Business Type||Coverage|
|General Liability Insurance||Any business||Protects against financial losses due to bodily injury, property damage, medical expenses, libel, slander, defending lawsuits, and settlement bonds or judgments.|
|Cyber||Any business||Protects against breaches of confidential information (either physical or electronic).|
|Professional Liability Insurance||Service providers||Protects against financial losses due to malpractice, errors, and negligence.|
|Commercial Property Insurance||Business with considerable property and physical assets||
Protects against loss and damage of company property due to events like fire, smoke, wind and hail storms, civil disobedience, and vandalism.
Also available: Additional coverage for loss of income resulting from a covered loss.
|Business Owner’s Policy||Small business and home-based businesses||Package combines all typical coverage options into one bundle, simplifying the buying process and saving you money.|
Get your hands on our plan.
Ready to get started? Download and print the complete Business Blueprint to keep, read and use as a continued resource.