Opening your own business is something that requires time and effort, so it shouldn’t be treated as something light. With this responsibility comes the chances of risk, damage, and failure, so it makes sense that you’d want to be prepared for any situation that could come up. That’s where insurance comes in. At Security Insurance Group, we specialize in business insurance for a variety of small businesses throughout Fort Collins, and we’d like to help you too. If you are just getting your small business up and running, or you’re simply checking your list for any further things that you may need to dot the I’s and cross the t’s on, then you’ll love what we’ve got in store for you today.
TYPES OF INSURANCE EVERY SMALL BUSINESS OWNER NEEDS
Every small business will require different coverage, similar to how every family and home has different insurance as well. Here are a few of the different types of insurance that you should look into if you are a small business owner.
If you are the owner of the space that you’re working in, or you have expensive equipment in the space that you’re working in, this is a policy that you’re definitely going to want. Property insurance will keep you protected in the case that your space is damaged by flooding, fire or some other form of disaster. With this policy, you can also get coverage for any time that your business isn’t able to open because of the damage, which could benefit you quite a bit.
Absolutely every business needs to invest in liability insurance. This will ensure that you, any of your customers, and anyone using your product or service is covered in the case of bodily injury or harm. By doing this, you are ensuring that your business, and you, are covered in the case of an accident. You won’t regret doing this, because an accident like this is one that you could be paying for, for years to come.
If you have employees that are working to complete services for your business or are working for your business in any way, you need to invest in worker’s compensation. This provides coverage to all of your employees in the case that they are injured while on the job or while doing something that is requested by them per the job expectations. This is something that you could find included in certain employee plan coverage, but bill depend on what you’re looking for and how many employees you have, so we can help you work through that.
At Security Insurance Group, we can provide you with incredible insight into what types of policies you should be looking into. Check back in the next couple of weeks, because we will continue to cover policies that every small business should have. If you have any questions about the policies that we’ve listed above, reach out to our team and we will set you up with one of our independent insurance agents so that you can get more information immediately!