The Best Business Owner

Your business is your baby, and it should be covered with the appropriate amount of insurance. Depending on what your business is and how many employees you have and whether you have a commercial vehicle will determine the amount of insurance you need. It’s important that your agent is well versed in Property & Casualty insurance, (like me!).

Some companies may not offer business insurance for your establishment if you have a riskier business such as roofers or scuba divers. My recommendation would be to do a few Google searches to find out what insurance companies are out there that specify coverage for your business type and always look at their financial strength as a company, this can be found by using Standard & Poor’s rating scale.

The nature of your business as well as the length of time you’ve had your business will be factors in determining your premium. Some companies do not run consumer reports for a Business or Commercial policy, meaning that factors such as your credit history will not be calculated in your premium (unlike for personal auto policies).

Some companies also offer Workers Compensation policies which is highly recommended if you have employees. You also want to consider adding Supplemental Benefits for your employees. Not only does it show your appreciation for them, but it covers any gaps major medical insurance does not cover.

Supplemental Benefits would cover things such as Cancer, Short-Term Disability and Accidents in the workplace. Payments are paid directly to your employees, there’s no middleman you have to worry about. What an impressive way to show your employees how much you care for them over the next employer. They will see your consideration and pay you back with loyalty, saving you money in the long run! That is why the Best Business Owners provide their employees with extra, value-added coverage. They are the heart of the business after all.

If you are interested in getting a business/commercial quote and adding supplemental benefits to your business, schedule a consultation with me, Your Favorite Insurance Agent.