Suppose your top producer had a terrible accident this very afternoon. Your best employee is hospitalized with broken bones all over their body. Their doctor demands 6 months bed rest and physical therapy. And, that is a best case scenario.
YIKES! What would you do? How would your business continue to produce and function?
How would you define information technology (IT)? One simple definition is that IT is the application of computers and telecommunications equipment to store, retrieve, transmit and manipulate data.
Lets go even simpler. You can say it is a synonym for computers and computer networks. If you have a business, then it is safe to say that you are using information technology.
You already recognize the power of a good business property insurance policy. In our previous blog post concerning this topic, we discussed what losses were covered. In this post, we discuss causes of loss that aren’t normally covered.
First, remember that just because it isn’t covered now, does not mean that you can not add additional coverage to your policy. In fact for a small additional premium you can custom design a policy that will fit your needs. For this very reason, it is imperative to communicate openly and honestly with your insurance agent, who’s goal is to protect everything that is important to you in your business.
Just suppose your business property was hit by:
What would you do? Hopefully, these things will never happen to your company, but an astute business owner however protects himself/herself and their company from the worst case scenario by:
Just suppose your CEO died tonight. Think about what would happen if your number 1 sales person passed away tomorrow. What would you do? First, think of the emotional pain. Second, think of the business financial pain.
How long would it take to replace them and get the new person to be able to do all that they do know?
Weeks? Months? Longer? What kind of financial impact would that have on your business?
If you looking for ways to lower your commercial insurance rates, then you are not alone. Nowadays, it seems like every business owner is trying to find ways to reduce costs and cut expenses. So, the $99,000 question is then, “How can we keep our business premiums down?”
Will you make this common mistaken that 60% of all home business owners are making? Do you run a home business? Are you thinking of starting one? Read closely so you do not fall into the trap that 6 out of 10 home business owners make, which could cost you a lot of money later on.
So, you are shopping for small business insurance? Well, kudos to you for seeing the importance of protecting your business! Each year, there are thousands of small business owners just like you that not only lose their business, but also their livelihood, savings, credit, homes, and reputation due to lawsuits.
These reasons are why our team at InsuranceHub will share these 5 ways you can buy the best business insurance for your company. Let’s outline them first, then we will dive into them one at a time.
Please don’t mistake buying business insurance as a one time event. Instead, it should be an annual event just like going to the doctor. Really.
Question: When was the last time you went to the doctor for a checkup?
Doctors suggest getting an annual checkup each and every year.
