Getting The Right Insurance For Your BusinessInsured by Carver
- Appraise Your Risks: It might make you break out in a cold sweat, but commit yourself to sitting down and evaluating every worst-case scenario your business could face. Consider what a disgruntled client, thoughtless or even malicious employee, or natural disaster could bring. It will feel stressful at the time, but only once you fully understand your risk you can eliminate it.
- Appraise Your Coverage: Sit down with your current commercial insurance coverage. Does it cover the risks you have outlined? What kind of natural disasters are covered? Are you covered against errors and omissions?
- Appraise Savings Potentials: Connect with your insurance agent to go over your risks and where you see your policy covering—or not covering—them. Ask about a business owner’s policy (BOP) or bundling coverage to see if you can save on your premiums by combining policies.