According to local entrepreneur, Jay Uribe, there is never a “perfect” time to start a company. He advises future entrepreneurs to begin the process, work hard and surround themselves with a strong team.
Accidents are bound to happen — and problems like property damage, liability lawsuits, and cyber breaches can be expensive to solve without proper coverage. Safeguard your business with an insurance plan that’s tailored to your needs as an owner.
Selecting the Appropriate Coverage
Keep day-to-day operations running smoothly with insurance solutions specific to your business. With so many options available (and requirements that vary between states and business contracts), you may want to consult an experienced insurance agent for guidance.
Buying Business Insurance
1. Evaluate Your Risks
What could possibly go wrong? Consider all the potential risks (e.g. cyber breaches, natural disasters, or workplace accidents) that could derail your business.
2. Find an Agent
Remember that commercial insurance agents receive a commission for policy sales, so make sure to find one equally attentive to the needs of your business. Your agent should assist in providing resources to help prevent losses.
3. Comp Shop
Assess offers from a number of agents to get a complete picture of how the various rates, terms, coverages, and services compare. Agents can be especially helpful in identifying any potential gaps in coverage.
4. Evaluate Your Risks (Again) Each Year
Growth and escalating risk go hand in hand, so continue to be mindful of changes or unexpected costs. Your agent can help you determine how those issues impact your business insurance.
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