A Guide To Small Business Insurance

​All small business owners need business insurance coverage to protect against different business risks. Not all businesses have the same needs, and this is why business owners struggle to find the best coverage. Here is a simple guide on picking the right business insurance.

What Are The Common Types Of Business Policies?
Business insurances are smart investments for new small business entrepreneurs who are looking for clients. Standard business policies are:

• General Liability Insurance. This policy provides coverage against claims from others, such as bodily injury, personal injury, and damage from the property.
• Commercial Property Insurance. This policy can pay to repair or replace stolen, lost, or damaged business property.
• Business-owners Policy. This policy is a combination of general liability and property policies.
• Professional Liability Insurance. This type covers claims on business errors or negligence of your business services.
• Commercial Auto Insurance. This policy will cover the owner and its employees for vehicle owned accidents while on business.
• Workers' Compensation Insurance. This policy pays for medical bills and lost wages for employees who get injured on the job.

Packaged policies like business-owners policy will help you save on insurance costs and are ideal for small businesses. Business-owners policy may also be customized, and it is even more convenient to manage one coverage rather than separate ones.

Obtaining A Business Insurance
Getting business insurance that matches your needs is easier if you approach it following these steps:

1. Do research.
2. Assess your business risks.
3. Get and compare quotes.
4. Review and purchase from experienced insurance agents.
5. Review and renew the policy.

Picking The Right Insurance Carrier
Once you have your business risks assessed, you are ready to start scouting for a carrier that is right for you. You may do some online reviews or ask for referrals from friends who also have a small business. Some easy tips maybe the following:

• Insurance company reputation
• Coverage, price, and discounts
• Ease of doing business

Conclusion
Insurance companies may overwhelm business owners with marketing and advertising strategies, so it is essential to talk to a reliable person. You may take the next step by working with a licensed insurance company like StreetSmart.

At Pro Financials & Insurance Services​, we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (708) 233-8870​ or Click Here to request a free quote.