Use These Tips Before Buying Business Insurance

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Now that your business is up and off the ground, you’ll need to safeguard it.

Business owners are aware that they need insurance to protect their company from liability risks and financial hurdles that they may meet down the road. Once you have your business off the ground, you’ll want to ensure that one minor accident isn’t enough to take it back to square one, ridding you of finances, too.

All businesses face liability lawsuits and perils of natural disasters, such as hurricanes and flooding. Before you buy first business insurance policy that you see online, check out these tips:

  1. Estimate your business’ threats
    Every business should cover their business’ biggest risks. From injury lawsuits to flooding, ensure that your selected policy covers it all. If your business is located near a flood plain, you’ll want to add a flood insurance rider onto your policy.
  1. Educate yourself on business insurance terms
    Before you go into deciding what your deductible is for your Workers’ Compensation, be sure to know the meaning of this. Signing up for something that you don’t need, or worse, being underinsured for, could be the difference between your company soaring to success or grinding to a halt.
  1. Evaluate your coverage annually
    As your business grows, so do your liabilities. No one wants to be caught unprepared when a disaster strikes. Review your coverage annually, or when your business changes significantly, to maintain reliable protection.
  1. Find the right agency!
    Skip the search of finding the right insurance policy for your business – contact the professionals directly!

Visit the experts at Agers Insurance Services for all of your insurance needs within Oakley and neighboring cities in Northern California.