When it comes to running a business, you already know that there are risks involved. Natural disasters, injured employees and lawsuits all factor into the types of risk that you may have to pay for, in the event that you don’t have Indiana BOP insurance or a Business Owner’s Policy.
Here are the top three reasons to think about insurance.
You Look More Credible
When you have insurance, you look like a more credible company. It shows your clients, customers and employees that you value safety and protection. When a company tells someone that they are licensed and insured, it tends to create a feeling of trust between clients and the business.
Protection Against Lawsuits
Lawsuits happen. If you’re facing a liability claim, you’re going to want insurance to back you up. As much as business owner’s would rather think they won’t face a lawsuit, it’s too easy to face one. An accident, broken contract or angry employee can all factor into lawsuits.
Your Business Stays Running
In the case of a disaster or property damage, your Indiana BOP insurance may protect you against losing income. The insurer pays you the income you otherwise would have made before the disruption.
Insurance is there to protect you. Most businesses should never go without a BOP.