Small Business Insurance

Owning a business isn’t just some 9-to-5, working-for-the-weekend endeavor. It’s a carefully crafted, the self-invested game plan to do something you’re passionate about … and to build a small fortune.

This makes finding the right coverage incredibly important. Our freelance insurance agents grasp the ins, outs, and all-around of small business insurance and will help you find the protection you need to keep your high-stakes hobby secure.

What Is Small Business Insurance?

Boiled down, it’s a contract between a business and an insurance company where the insurer will pay to repair, replace or recover the value of whatever the business has under coverage. These lifesavers (policies) will keep you afloat if a few waves of bad luck tip you over.

How Is It Different from Standard Business Insurance?

Instead of selecting every policy singly, a small business (that meets certain criteria) can purchase a package that includes the protection of multiple policies. This makes the value and method ideal for a freshly budding business.

This little bundle of joy is termed a business homeowners policy (or a BOP). You’re going to want to remember that.

Why Do I Need Small Business Insurance?

Every business, big or small, needs some form of insurance. Yes, certain types may not be required or seem relevant to you, but one little whoopsie could bring down your growing empire.

Bad things that could happen to your business:

  • You could lose your stuff: Damage or loss of your property, equipment, and inventory
  • You could be sued: Product or service causes damage or bodily harm to a customer
  • You could make a mistake: Professional error that causes emotional distress

What Does Small Business Insurance Cover?

It has the same concept and coverage options as standard business insurance, but with that little tiny twist, we mentioned before the BOP. However, companies will most likely need coverage outside of what’s included in a BOP to meet unique risks, which can be purchased through standalone policies. A business owners policy will usually include the following:
  • Property insurance: Covers loss or damage to your stuff due to fire, storms and other causes
  • General liability: Covers claims for injuries to other people
  • Business income insurance: Covers the loss of income if operations are interrupted
Common standalone policies can include the following and more:
  • Professional liability: Covers your mistakes that cause physical or emotional injury
  • Employer insurance: Covers Social Security, unemployment and workers’ compensation
  • Commercial auto: Covers work vehicles and certain damage they may cause
  • Group insurance or employee benefits: Covers health, life, short-term and long-term disability

Not Sure If You’re BIG Enough to Need SMALL Business Insurance?

Are you thinking to yourself, “Hmm, I’m not technically a business, so I probably don’t need insurance?” Well, think again. Any continuous activity with a profit motive is “technically” a business and will be controlled chargeable for similar risks as a little business.

How Do You Find Insurance Specific to Your Business?

To find your insurance sweet spot, you’ll have to figure out what coverage makes sense and determine whether the benefits will outweigh the premium costs. To find accurate info and make the search process easier for you and our insurance agents, you’ll need to know your industry type and business classification.

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What’s So Great About an Independent Insurance Agent?

It’s simple. Literally. Independent insurance agents modify the method by looking at and scrutiny insurance quotes for you. Not only that, they’ll cut the jargon and clarify the fine print so you know exactly what you’re getting.

Plus, freelance agents work for YOU and not one insurance supplier. They’re the sole agents WHO will check policies from multiple carriers. AND, you’ll never outgrow an agent; they have the flexibility to find the right coverage as your business continues to expand and evolve.

Most significantly, they’ll be there to help you when claim time comes. The outcome of insurance claims will be powerfully wedged by however the method is approached and handled.

Save on Business Insurance

How Much Does Small Business Insurance Cost?

The cost of business insurance policies depends on the coverage and variety of alternative factors just like the size, location, and materials employed in your business. So an adorable strip mall bakery might only pay $200 a month, whereas a chainsaw-carving wood sculptor could pay $2,000 a month. The safer and smaller the company, the cheaper it is.

Where Are All the Small Business Insurance Discounts Hiding?

For starters, combining policies and raising your deductibles are two easy ways to drive down cost. You can also get lower rates and discounts if you pay annually and increase your safety measures.

Comparing Small Business Commercial Insurance Quotes

Our gifted insurance agents will review your business needs and help you evaluate the commercial coverage options that make the most sense. They’ll also compare policies, packages, and quotes from multiple insurance companies to make sure you have the right protection in place. So you’ll have that going for you.

Thirsty for More Small Business Insurance Info?

We have a very, very large amount of info and insights on small business insurance. If you’re ready to learn more, here is the gateway/page that will guide you to the information you seek.

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