When you own or operate a business, it's important to protect that business financially against unforeseen hazards. Business insurance is one of the best ways to guard against disasters, including storms, fires, theft, vandalism, and even slip-and-fall accidents. If you're looking to buy business insurance, consider the following do's and don'ts to ensure you pick the best plan possible.

Do:

Shop around.

Insurance shoppers often purchase from the first agent that provides a quote. However, this can be a mistake. Insurers offer different rates for different types of coverage, so you should get at least three separate quotes before choosing a plan. This will give you a better idea of what typical prices are so you can ensure you're getting the best deal.

Work with a versatile agent.

Some insurance agencies specialize in only one type of coverage, which could benefit you if you only need that one type. However, most people are looking for a variety of plans to wholly protect themselves. Look for an agent who can satisfy all your current and future insurance needs.

Don't:

Focus only on price.

Look for the best value, not just the lowest price. For example, one insurer might offer higher limits, lower deductibles, and fewer exclusions for only a few dollars more per month. Consider choosing that policy over a cheaper one, as it offers a better value.

Withhold information.

Many business owners don't feel comfortable sharing financial details about their company with a stranger. However, your agent uses that data to determine coverage amounts, deductible amounts, and other factors. Providing information that's as accurate as possible will get you the best coverage for your needs.

If you need an experienced agent to help you design the ideal business insurance policy for your company, contact IGO Insurance in Raleigh, NC. They’ve served businesses and individuals throughout North Carolina since 1970, representing respected, nationally-recognized brands. In addition to business insurance, they also specialize in auto, home, health, and life insurance. Visit their website to message them online or call (919) 782-1560 to request an insurance quote.