Your business is growing
If you have started your own business, one of the first things on your to-do list was to purchase insurance for your new start-up. While your policy more than likely provided adequate coverage at the time, that may no longer be the case if you have a growing business. Perhaps you’ve been adding more employees which means increasing your office space. You may be adding more inventory, opening more offices, or branching out with respect to the services your business is now offering to clients and customers.
If your business if growing, then it’s time to review your current business insurance policy and make the necessary adjustments in order to cover all of the new features of your business. Unplanned expenditures such as the need to replace equipment or an uninsured accident on the premises in which a client or customer is injured, can use up a lot of assets that could have been used to continue to grow the business.
The types of insurance for larger business include ( but are not limited to):
- General liability
- Workers’ compensation
- Errors and omissions
- Business owners
- Cyber liability
- Commercial auto
So is your potential liability
General liability insurance is a must for most businesses, but a new business has different needs when it comes to company liability than one that is growing. With a growing business, you may be facing risks that, in the past, you didn’t need to consider when it came to business insurance coverage.
Without adequate liability coverage, your business is more vulnerable to lawsuits involving accidents, injuries, or claims of negligence. General liability insurance not only covers the costs of legal cases and/or financial settlements, but also shields your business assets from lawsuits. Separate policies are needed to cover damages or lawsuits that are associated with legal cases involving workers’ comp, professional liability, or errors and omissions.
Planning ahead for these and other eventualities can safeguard your business assets now and in the future.
Growing your insurance coverage, too
A growing business means that more of your time and energy will be spent on running it. It’s difficult to find the time needed to review your current business insurance coverage and to research the types of coverage you may now need to more adequately protect your business.
Daniel Fraisse, independent insurance agent in Los Angeles, CA, has more than 30 years of experience in the insurance business and has working relationships with many of the major insurance carriers. He is very knowledgeable when it comes to the different types of business insurance coverage as well as packaged policies.
Once Dan has reviewed your current policy vs. the changing needs of your growing business, he will determine whether your business needs more insurance coverage. If so, Dan will sit down with you to discuss the types of insurance options, the features that they provide, and premium prices.
Dan’s goal is to get your business the best coverage for the most affordable rates. Call us today to get the best protection for your business.