After many years of saving, building a customer base from home, and working a full-time job while pursuing that hobby, a small business is born. It is a big step that is scary, nerve-wracking and exciting all at the same time. Space is rented, the supplies and products are ready, and the bank account is opened in the business name. All that is left is the insurance. Getting a Small Business Insurance Quote is quick and easy, but understanding that quote is not so simple. It is important to know exactly what is covered to make sure the business is fully protected.
Property insurance for the business, for example, covers the property and the contents against theft, vandalism, and damage. While it sounds like it should be enough coverage, there are many things it does not cover. Flooding is not covered under property insurance, so if inventory is lost, or equipment is damaged during a flood, there will be no payout to help owners rebuild. Portable electronic devices may or may not be covered under property insurance. That includes tablets, mobile phones, and laptops, and those are not cheap to replace. Many business owners think that all inventory is covered but, if it is stored in a separate building, such as a shed or a storage unit off property, it is not covered. Discovering this information after an incident will do nothing to protect the business investment.
To make sure the business is covered fully and to understand the policies, take the time to consult an independent insurance agency. They will review the business needs, take all aspects into consideration, discuss goals and concerns with the owners, and search several companies to get proper coverage at great pricing. Agencies like Perdue Insurance Group, for example, will not only provide a Small Business Insurance Quote, they will explain it to the owner. Starting a business is a challenge, and there are issues that will arise that owners cannot possibly predict. Knowing that the business is protected well with insurance policies will be one less thing to worry about. Focus on products, customers, marketing and revenue, and let the agency focus on the insurance aspect.
