Your business insurance policy is one of the key risk management tools you have to protect your company from the unexpected. It helps you guard against everything from storm and fire damage to slip and fall accidents. However, to make sure you're buying the right policy, ask your agent the following questions before agreeing to the purchase.

3 Important Questions to Ask Your Business Insurance Agent

1. How Much Experience Do You Have?

In addition to possessing several years of experience in the insurance industry, your insurance agent should also have experience representing business insurance lines. Choose somebody with expertise in the coverage you need. An agent who's spent years selling home or life insurance but has never written a business insurance policy is not the best adviser for a business owner like you. They may be unfamiliar with new coverage types or unaware of deals available from certain providers.

2. Why Have You Chosen This Insurance Company for Me?

Some agents are captive to a single insurance company, while others represent a wide network of different carriers. Work with an agent who has chosen an insurer for you because it's the best fit and lowest price for your needs, not because it's the only company they represent.

3. Do You Provide Annual Insurance Reviews?

Businesses’ situations change dramatically from year to year. You may have bought or sold property. You might have developed new income streams. You might have more — or fewer — assets to protect. In any case, your business insurance needs will likely need to be adjusted over time. Thus, it's important that your agent offers (and follows up on) an annual insurance review. This will let you know you’re adequately protected and aren’t paying for protection you no longer need.

To discuss your business insurance options with an experienced agent, contact Goggans Insurance in Scottsboro, AL. They have provided business, auto, home, boat, RV, and motorcycle insurance to clients throughout Jackson County for more than 30 years. Visit their website to view location details and office hours or call (256) 574-3440 to request a business insurance quote.