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Even the most successful company is vulnerable to storm damage, criminal activity, and serious accidents, any one of which could shut you down for good. Your business insurance policy protects your investments from the unexpected, allowing you to keep going after disaster strikes. However, the complexity of these policies often makes it difficult to determine whether you have the coverage you need, so here are a few facts every entrepreneur should know.

A Brief Guide to Business Insurance

Every Company Needs It

Self-employed workers and entrepreneurs running home-based businesses often assume their homeowners policy will cover any damage to their property or inventory, but this isn’t always the case. To cover your property against extreme weather and theft, you need an additional business insurance policy. In fact, the smaller your organization is, the more important having the right insurance can be, since you probably don’t have the cash reserves to absorb major losses.

Make Sure Your Property Is Covered

business insuranceBusiness property insurance generally covers your equipment and the structure of your location itself, but what about items you take on the road? Things like tools and photography equipment will usually be covered, but if you frequently ship valuable items, you may want to consider purchasing inland marine insurance. A skilled agent will help identify gaps in your coverage to ensure all of your property is protected.

Policies Are Customizable

No two businesses are alike, so no single policy is going to be right for everyone. To ensure the coverage is tailored to your needs, an insurance agent might recommend ways to expand, remove, or add coverage, depending on the assets you have, the industry you’re in, and the risks your company faces.


 

Whether you’re just getting started or have been in business for years, Farmers Insurance Group will ensure your company has all the protection it needs. With a wide range of business insurance policies from a leading national carrier, we provide customers throughout Mountain Grove, MO, with peace of mind and help when they need it most. To get in touch and request a quote, visit our website or call (417) 926-7900, and like us on Facebook for news and updates.

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