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Even the smallest business represents an enormous financial commitment — not to mention the thousands of hours you’ve spent getting your company off the ground. While every business enterprise involves some risk, a quality insurance policy can insulate you from most losses and increase your chances of success. Here are just a few of the ways small business insurance protects the value of your investments.

3 Benefits of Small Business Insurance

1. Your Business Property Protection

In the blink of an eye, your business’s equipment, inventory, or buildings can be severely damaged or destroyed by a storm, fire, or criminal acts. Small business insurance includes property protection, which covers the cost of any business property lost in a covered event. Remember that most homeowner’s insurance policies exclude business property, so you may need additional coverage even if you run your company from home.

2. Liability Coverage

business-insurance-durham-ncIf someone is injured by a defective product or is involved in an accident on your property, paying for the victim’s damages can force even a thriving business to close its doors. Business liability insurance shields you from these risks by paying for valid claims as well as the legal costs of defending yourself against spurious suits.

3. Revenue Replacement After a Disaster

Approximately half of all small businesses never recover after a disaster, even if they have coverage for their building and other property. This is usually because most small businesses don’t have the cash on hand to keep the lights on while repairs are underway. Small business insurance often includes income replacement, which makes up for lost revenue until you can reopen.

 

Whether you’re launching a new startup or have been in business for years, the experienced agents at Superior Insurance will protect everything you’ve built. With offices in Durham and Raleigh, NC, they provide entrepreneurs with detailed advice and business insurance policies tailored to your needs. Visit their website for more on their small business insurance services, and follow their Twitter for more tips and advice. To speak with someone at their Durham office, call (919) 224-8034, or dial (919) 790-9699 to request a quote from their office in Raleigh.

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