There’s never a bad time to start a business! While it can be a daunting task to get everything up and running, one of the most important factors is what insurance your business needs. Since businesses can come in a variety of sizes with many different needs, your quote and premium may vary based on the type of information you provide to your agent. With thousands of unique ways to structure insurance to protect against many exposures of your business, your basic components are usually related to property and general liability.
Here to bring you the scoop is the expert himself, our very own Whit Harris. With so many businesses that we ensure through our agency, Whit can teach you a thing or two about what is best to keep you in top shape for your upcoming or professionally established business.
Here’s a quick recap:
Property coverage helps protect the business’ property, whether it is owned, rented, or relied upon. This component helps protect buildings, their contents, and internal or external buildouts on the premises. It can come in very handy if you’re in a state like Florida, which may have an occasional hurricane (or seven!! Our hurricane season is no joke!)
General liability coverage helps protect the business in its operation. What this means is that this type of coverage helps pay on behalf of your company in case of any bodily injury or property damage caused to others. This can also help in case of any lawsuits that can arise.
Both insurance products can really help your business as well as set you up for future insurance expansions as your business continues to grow. Some may have to think about coverage in these areas if the business gets bigger, which in turn may come with more exposures. Here are some to think about when its time for your company to grow larger:
· Professional Liability
· Cyber Liability
· Business Auto
· Crime Coverage
· Special Equipment Coverage
· Worker’s Compensation
· Time element coverage
What is also great is that we have the ability to custom tailor a business insurance package that will fit your needs! We wish your new business a major success!
If you are still unsure on what to do if your business has many exposures that must be covered, contact one of our agents and we would be happy to help you save on your business insurance policies! Call us at 850.244.2111 to speak to us. You can also email us at service@harrisinsurance.com.
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LEGAL DISCLAIMER
Views expressed here do not constitute legal advice. The information contained herein is for general guidance of matter only and not for the purpose of providing legal advice. Discussion of insurance policy language is descriptive only. Every policy has different policy language. Coverage afforded under any insurance policy issued is subject to individual policy terms and conditions. Please refer to your policy for the actual language.
