No matter the size of your business, if it is small and in your home or a large corporation, the security of an insurance protection plan is just as important. If you have recently started a business, you have invested a large amount of money, time, motivation, and determination. Before your business can really take off, it is important to hire the right employees, find ways to promote your business, purchase marketing materials and be known in the community. In the midst of the craziness of starting a business, insurance is something you must not overlook.
For a small business like a home based business, you may be thinking your home insurance will be sufficient insurance coverage. However, your home insurance will fail to cover your business inventory, supplies and office materials in the case of a disaster. If your home were to catch fire, your home insurance would cover the replacement and repair of the structure, but it would not cover the materials in your home office. Business insurance is required to replace the computer, copy machine and other office supplies.
An independent insurance agent can help you find the right business plan that fits your business. There are different policies that can be fitted to your specific needs to help keep the cost affordable. There is no need in paying for a policy that includes protections that do not fit your business but equally important to find a policy that provides protection against all risks your business encounters - an independent insurance agent can help with those decisions.
In order for your insurance agent to find the right business insurance policy for your business, it is important for the agent to know:
- What kind of equipment, electronics and other machinery you own
- Specific risks your business faces
- Employee and management safety training
- Business income loss
- Savings/capital of your business
- Automobiles that may be driven by employees for business purposes
Each state is different in the minimum limits they require for businesses. Make sure and your insurance agent discuss liability insurance, your personal business property, and all risks your business encounters. After you have found the policies that fit your business, it is then important to take a business inventory. Record all details, costs/value and important information for all property in your business. Digital photos or a video can also be extremely helpful if you ever need to make an insurance claim. Keep these paper files and digital records in a fireproof/waterproof safe or other hold spot.
If you do not have an independent insurance agent to help you find the right Round Rock business insurance to fit your home based business, give Integrity Network Insurance Group a call at 512-989-6006. We look forward to helping you.