Running a small business is full of risk and reward. If you want to enjoy long-term success, you will need adequate protection from unexpected events that can impact your operations and hurt your bottom line. Business insurance is an investment in your company’s future financial security. To ensure you get the right coverage at the best price possible, here are a few questions to ask your agent during the shopping process.

Questions You Need Answered Before Buying Business Insurance

What Types of Coverage Should I Consider?

This will largely depend on the nature of your business and if your state legally requires you to carry a certain type of coverage. However, there are some options that most companies can benefit from, such as general liability, commercial property, workers’ compensation, and business interruption insurance. In the event that you provide professional services, offer products to the public, or use company vehicles, you should also consider professional liability, product liability, and commercial auto coverage.

What & How Much Will My Policy Cover?

It’s crucial to know exactly what kind of protection your business insurance policy provides. Standard coverage generally includes losses due to fire, inclement weather, theft, and vandalism but excludes events like flooding and earthquakes. If you need specialty insurance, you may purchase a separate policy or endorsement. Also, you should understand what your policy limits are. This is the maximum amount you’ll be able to receive if you file a claim. Your agent can advise which limits are most suitable for your organization.

How Can I Save on My Premium?

Insurance companies take a number of factors into account when calculating coverage costs and typically offer several ways to secure a better rate. Discounts can vary from one provider to the next, but it’s often possible to lower your premiums by setting a higher deductible, buying multiple policies from the same insurer, maintaining a claims-free record, and installing safety and security features that will help mitigate your company’s potential for loss.

If you’re looking for quality and affordable business insurance, you can count on Advantage Insurers to help you find it. They are well-known throughout Habersham and White County, GA, for offering superior products and services at competitive prices. Over the years, their vast industry knowledge and experience has proven invaluable for countless entrepreneurs. For assistance customizing a policy tailored to your company’s unique needs, call (706) 754-1590. You can also visit their website to request a quote.