Your business is more than a source of income for yourself and your employees—it also represents a significant investment of your time, energy, and personal capital. Many of these financial investments, including inventory, equipment, and your business location, are vulnerable to a long list of perils, any one of which could potentially force you to close for good. Fortunately, a strong business insurance policy can protect you against a variety of risks, ensuring that you can continue operating when the unexpected occurs.

Below are just a few reasons having business insurance is so important:

• Many Businesses Close Permanently: Unfortunately, approximately 40% of businesses that close after a disaster never reopen, often due to a lack of insurance. Even if you have the financial reserves to survive an extended closure, damaged equipment or destroyed inventory can make it impossible to reopen without a settlement from your insurer.
• It May Be Required: Depending on your state's laws, you may be required to carry business insurance. For instance, any business vehicles will have to be covered by an auto insurance policy. The majority of states require business owners to carry workers' compensation insurance to protect their employees.
• Broad Protection: Business insurers understand the risks of the modern marketplace, and offer an extensive variety of tools to help you meet them. In addition to covering your location and property, many business insurance policies include cash replacement to keep you afloat while repairs are underway, as well as funds to help defray the cost of recovering from a cyber-attack. 

As one the leading insurance agencies in Southeastern NM, Western States Insurance Group offers high-quality policies from many of the top carriers in the industry. Visit their website to learn more about their commitment to providing individualized customer support. Call (575) 396-1318 to discuss your business insurance needs today...or, stop by 212 N. Love, Lovington, NM.