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If you’re a small business owner, you know the importance of having business insurance. While it’s imperative that you protect your company and your investment, many small business owners make mistakes regarding their insurance policies. Luckily, the team at Wilson Insurance Agency in Dalton, GA, wants to help.

Here are a few of the most common business insurance mistakes you should avoid:

  • Business insurancePaying Too Much for Coverage: When you’re shopping for insurance, finding the right coverage at an affordable price can be difficult. Unfortunately, some insurance agents don’t take the time to get to know you and your business’s needs before recommending a policy, resulting in higher-than-necessary insurance costs. Before you purchase a policy, shop around, find an agent that wants to build a relationship with you, and review your policy each year to check for new discounts.
  • Not Protecting Yourself From Disability: Many small business owners look for creative ways to cut costs, and business insurance policies are often the first expenses on the chopping block. Without the right supplemental policies in place, your business may be at risk for damage should you become injured or unable to work for an extended period. Disability insurance can keep you and your business running if you’re unable to work. Without the coverage, you may not have the resources to keep your business operating while you’re injured. Instead of taking the risk, purchase disability insurance and protect your best asset—yourself.
  • Relying on Your Homeowners Policy Alone: If you work from home, you may be tempted to rely on your homeowners policy to protect your business. However, your plan will not protect any property associated with your business operations. If your home is broken into and your work computer, printer, files, and other materials are stolen, your homeowners policy will not provide coverage for replacements. Additionally, if you see clients in your home, the policy’s liability coverage will not protect you in the event of a lawsuit. Only a dedicated business insurance policy will provide the protection you need.  

If you know you’ve made these business mistakes, contact the team at Wilson Insurance Agency. Visit the website to learn more about their experienced insurance agents and call (706) 278-0549 to schedule an appointment today. Find the coverage you need with an agency that understands your business and your unique needs.

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