With 2019 just around the corner, don’t forget to ask yourself: When was my last insurance checkup?
Your insurance needs as a small business change frequently. You don’t want to find out you are underinsured or paying too much for you coverage. An annual review of your polices are recommended to help make sure your business is not at risk. Here are a few things to think about for your business, whether you are just starting up, or have been around for years:
Do I need business insurance?
Is your business covered from life’s uncertainties? Commercial insurance helps cover a business’ assets, property and income against certain losses. Be sure your business is properly protected in case customers experience harm at the hands of your company, or if your company is harmed by an outside threat. Allstate realizes that no two businesses are the same. With customized protection designed specifically for you, you can focus on what matters most – your clients.
Am I protected against data security exposures?
More than 53% of small business owners do not have enough insurance coverage, or the right coverage. What if your computer got a virus that damaged client data and resulted in lost business income? Would your business be covered? Don’t let the financial consequences of a potential mishap easily wipe out the assets of your small business. As a small business owner, you may be able to buy additional coverages to customize your policy based on your specific operation and needs.
How do I protect my home-based business?
As a home-based business owner, you have similar risks, but at the same time different needs from a traditional brick and mortar business. Are you protected if you are sued because a client visiting your home office tripped on the carpet and injured themselves? A common misconception about home-based businesses is that they are covered under their homeowner policy. Most likely, your homeowner policy will only cover personal losses, but not business losses. Put your mind at ease and deepen your customer focus knowing your business is properly covered.
Talk to Shannon at the Knight Agency, 256-293-4790, for guidance in protecting your small business for less than you may think.