Friday, March 22, 2013

What Do You Know About Business Insurance?

What do you know about Business Insurance Services? If you're like me, than probably not much.. I really had no idea about Business Insurance Services before someone told me about them. I probably never would have considered them, and that is sad! However, business insurance is really important when you are a business owner.

God forbid, your company gets sued by someone. You will need help, you will need backup. You will need protection. And small business insurance can help you with that. You first and foremost need property damage and bodily injury liability insurance. That is the most important. This will cover you in case something happens, like a customer slipping and falling in your store, or one of your employee's accidentally damaging a customer's property. You hope it doesn't happen, but you have to be realistic. It might.

Personal injury coverage is a little bit different than bodily injury. Bodily injury deals with actual physical harm, while personal injury deals with words, like slander and libel. You might also want to consider medical payment coverage, which will pay your customer's medical bills if they are injured through a fault of your company's. There is also something called business interruption coverage which can cover your business if something happens and you are not able to operate normally. As you can see there are a ton of different policies, and a ton of different types of policies. You have to be careful that you know what you are getting and that you are getting the right coverage for your needs!

Whatever small business insurance coverage you choose, you have to make sure that you do get some insurance. Your business is important to you and it is important to protect it! The main point is to do your research and make sure that you know what you are getting with your policy. You have to be proactive and ask the hard questions. If you don't know what your policy includes, make sure to ask. Compare companies, ask the tough questions, don't settle until you are happy with the policy that you have chosen!

this has been a sponsored post, however all thoughts and opinions are my own. 

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