When you own a business, you have a lot to think about and you need to protect your investment. You need to protect your building, your contents including your merchandise and equipment, and perhaps most importantly you need liability coverage.
Liability insurance can be for your business, which would cover you if someone were injured in your business. You may also need liability insurance for yourself as a professional. Errors and omissions is another type of insurance that covered you if people are hurt as a result of using your product or service not on your property. There is of course also an umbrella policy that covers you in major liability cases when you would exceed your liability limits.
If you are paying on your building, or owe for a large loan related to your business, you might be required to have insurance on the loan itself.
Beyond liability, it is also good to protect your business from many things that could happen. There is property insurance, which covers the building if you own it. You may also want rented or leased building insurance. Real or personal property insurance covers the contents of your building, and can cover your inventory. When getting this type of policy, be sure you understand the difference between actual cash value and replacement cost. If you are covered for cash value that is for value of the property at the time of the loss, which is often much less than what it would cost to replace items lost.
Business interruption insurance is another option. This would cover you if you had a fire, for instance, and were unable to do business for a certain amount of time.
Stop by our offices and talk with one of our representatives today. Our friendly agents at Allen Insurance Services can help you find the right coverage, to make sure you are protected in your business operations. Make sure you are protected. You may also you our online tool to find a quote.