When you start your very own business, it’s important that you do everything in your power to best protect your business.
Thinking about following in the great American tradition of starting your own business? Perhaps you’ve found an untapped market or have noticed that people are responding well to your talents like baking, or your unrivaled ability to fix computers–now you’re ready to start making some money. If you’re a first-time business owner, there are many considerations to make before you cut the ribbon marking your grand opening. To protect your business, here are some policies you should consider when starting your business.
- Business Owner’s Policy (BOP)
A BOP combines the protection of general liability insurance and property insurance into one convenient policy. This means that there is only one premium and because it counts as a bundled policy, it means more savings for you! It’s ideal for the small, low-risk business.
- Cyber Liability Insurance
Everything is connected through the world wide web, and while the pros of this technology are innumerable, the few cons that exist run deep. Because of this connectivity, every business–no matter its size–is a target for cyber criminals. This insurance helps financially protect your business if there is a breach of security and sensitive information leaks and clients become lawsuit (un)friendly.
- Professional Liability Insurance
If you offer services for your business, this insurance is a must-have. It provides coverage against claims made against you for having allegedly failed to provide adequate service.
It’s important that your business is covered for every possible risk that may befall it because only with the right insurance will you be able to financially protect yourself and keep your business running. At Pierce Insurance Group, we are committed to insuring your company with a tailored business insurance policy. Talk to one of our insurance agents today!