Ask these questions about your business insurance cover.
As a business owner, you know that life can be unpredictable. Even though your business may face many ups and downs on the way to success, your insurance coverage should be stable. Far too often, business owners find themselves in the position of learning that an event they assumed would be covered is indeed not. It’s not always easy to know exactly what is and is not covered by your insurance, but you can ask these questions to better understand your policy.
How do I know if I have enough coverage?
Remember that no one is ever entirely covered against all possible events and claims. What you should focus on is if you’re protected against the most common in your area and industry. Discuss how much coverage you have with your agent and discuss the adequacy of your current limits.
Do I have the right insurance for my industry?
Coverage requirements will vary by industry. A software company will need different insurance to an autobody shop. Working with an experienced agent will be able to help you narrow down the essential coverage you need. Speak to your agent about add-ons to existing policies that could make a big difference if your business was to face a disaster.
What other types of insurance policies should I know about?
Business owners should consider securing additional policies that protect their company. Employment Practices Liability Insurance (EPLI) protects a business against lawsuits filed by employees. Business interruption insurance helps when you need to temporarily close your business after a disaster. Cyber liability insurance steps in if you’ve been hacked or faced cyber attacks.
Get started on your tailored commercial insurance coverage by contacting the expert insurance agency in Fresno, McCarty Insurance. We provide reliable business insurance to suit all of your company’s needs so that you can feel rest assured your investment is protected.