Finding The Right Insurance Agency For Your Business

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Searching for business insurance can be somewhat of a challenge for new business owners. Given how important it is to have the right coverage with the right agency, here are some key points to consider when undertaking your search.

Finding The Right Agency

Before you initiate your own search, it’s wise to ask your contacts for recommendations. In terms of what to look for in an insurance agency, you’ll want to confirm the following:

Financial Standing – in your research, be sure to get an understanding of the agency’s financial standing and ability to pay claims.

Reputation – use your contacts and other resources to assess the agency’s customer service reputation and responsiveness.

Experience – you should consider whether the insurance agency has the necessary experience with your industry to make the appropriate coverage recommendations.

Coverages You Need

Your industry will determine the exact makeup of your policy, but there are some coverages that are applicable to most businesses. As seen on https://www.thayerinnes.com/, here are some foundational coverages that you should understand:

General Liability Insurance – protects against lawsuits from third parties claiming that they sustained an injury or property damage because of your business.

Personal Liability Insurance – protects against lawsuits from third parties claiming that they sustained a loss because of an error or omission on your part.

Property Insurance – protects your business property against loss due to a fire, storm, theft or vandalism.

The agency you choose can have a major impact on your company’s success. Take your time and use all available resources to find the one that meets your needs.

This post was written by , posted on November 19, 2019 Tuesday at 8:56 am