Category Archives: small business

Florida small business insurance

Every Small Business Needs the Right Insurance Coverage

If you are a small business owner, you have a lot to think about. While most of your focus probably goes into doing whatever you do that makes your small business great, you should take some time to think about your insurance needs. As a small business owner, you have company and personal assets that might be at risk if you are underinsured. When shopping for Florida small business insurance, make sure you get the right coverage to protect you.

Property Insurance

When purchasing insurance, make sure you have enough coverage to protect your business property from damage. To do so, ensure your policy covers all buildings, equipment, furniture, and inventory involved in your business.

Liability Insurance

Even if you do your best, your company might be the subject of a lawsuit. Depending on the type of business you do, consider protecting yourself by adding business liability, product liability, or professional liability coverage to your policy.

Other Insurance

While property and liability coverage are the most common types of Florida small business insurance, many companies need extra coverage as well. Plans that cover vehicles, employees, cyber security, and other matters all might be part of a comprehensive insurance scheme.

Protecting your small business is a probably a priority for you. If you purchase sufficient insurance coverage, you will have peace of mind that your company is safe.

small business insurance in New Jersey

2 Questions New Business Owners Should Ask Themselves About Insurance

If you’re considering opening a new business, your entrepreneurial spirit is commendable. New businesses are necessary for the economy to thrive. While you start planning, it is smart to reduce your risks however you can. That’s where small business insurance in New Jersey comes into play.

1. Is Business Insurance Really Necessary?

The short answer to this question is a resounding yes, especially if you are going to employ anyone. Having employees means that some types of coverage are required by law, including workers’ compensation. Even when not required by law, there are plenty of practical insurance solutions that business owners should consider.

2. What Are My Risks?

Some small businesses forego insurance because of the price. Unfortunately, those businesses haven’t considered what the cost of being without insurance could be. Every business faces risks that could lead to financial hardships or devastation. Business risks include:

  • Theft
  • Employee accidents
  • Natural disasters
  • Negligence
  • Data breaches
  • Product-related accidents

Without the right small business insurance in New Jersey, these unforeseen situations could damage your business and jeopardize your assets. Making sure your risk exposures are covered will make sure your hard work doesn’t go to waste when a difficult event arises. Save your business from potential devastation by implementing safeguards sooner rather than later.