Common Risks Faced by Business Owners

Safeguard your business from unwanted disruptions.

As a business owner, you understand that owning your own company offers many rewards, but also comes with its fair share of risks. To protect your business and continue to watch it grow successfully, there are some common risks that you should address first.

Property Losses

For many business owners, the commercial property represents one of your largest assets. From fires to natural disasters to vandalism, there are many ways in which your building, equipment, and inventory can get damaged. Property insurance can help to protect your business should such incidents occur, meaning that you can get back on your feet quickly after a disaster. Taking an inventory of your property can help to determine the effects a loss could have on your business.

Business Interruption

No business owner likes to think about the worst-case scenario. However, imagine something does happen and your business is forced to close. Could your business survive? A natural disaster can force your business to close temporarily, meaning that you must find a way to continue operations. Securing business interruption coverage helps to cover operating costs and loss of income while your building is being repaired.

Employee Injuries

Whether you have 10 or 10,000 employees, business owners all share health and safety responsibilities, especially when it comes to workplace injuries. Should one of your team members sustain an injury on the job, you are obligated to provide him or her with workers’ compensation coverage and indemnity payments. Without such coverage, not only could you face the medical costs, lost wage replacement, and rehabilitation expenses on your own, but you could be heavily fined. To avoid injuries and illness on the job, it helps to educate your employees about workplace health and safety.

Get started on your business coverage by contacting the expert insurance agency in Fresno, McCarty Insurance Agency. We provide reliable insurance to suit all of your company’s needs so that you can feel rest assured your investment is protected.