Some people planning to start a small business might not realize they need commercial insurance. If business owners do understand the importance of it, they still may need more information about what their policy should cover. Insurance Center of Green Valley encourages you to keep the following three commercial insurance priorities in mind:
- Coverage for data breaches – Only about a third of small U.S. small businesses in 2017 had cyber insurance coverage in case of a data breach, but one in 10 of them suffered hacking of their computer systems. Since much of what a business would complete on paper is now performed in the Cloud, your Green Valley, AZ recommends cyber insurance.
- The inclusion of your building, equipment, and supplies – Take a careful inventory of all that you rent or own including the building where you serve clients. It could reduce the stress associated with losses and damages that can diminish your profits. This might include protection in the event of a fire, flood, theft or other unfortunate circumstance if you request it. You also may need commercial vehicle insurance.
- Provisions for liabilities to others – Make sure your policy pays out enough to cover employee injuries or damages to client property. Prevent financial loss from customer slips and falls and other unexpected incidences, too.
- Your Green Valley, AZ insurance agent wants you to continue operating your business without excess financial strain. Don’t hope for the worst, but prepare just in case. Feel free to discuss with a representative about how much money your policy should pay in specific scenarios, for instance.
Contact us, your Insurance Center of Green Valley for more information about commercial insurance or any other coverage you need.