Business insurance is something that many people don’t even know about, but is a very crucial thing to consider when you run any type of business, even in contracting. You can even get all different types, from professional service insurance, all the way down to general liability (most contracting companies like roofers, gutter cleaners, and even general contractors often use general liability and commercial auto insurance for example).
Professional liability is the primarily for those who are offering a professional service like consultants, digital marketing companies, web designers, and more says Dave Christy Insurance. You can even get cyber insurance that helps to protect against cyber-attacks. Would you believe it? But how to you get it? We’re going to tell you in this guide.
Find the Right Insurance You Need
This is the most important step, but often one that’s overlooked, leading people to have the wrong protection for their business, and they won’t know it until it’s too late. Consider what you’re going to be doing, and take about 30 minutes in order to save as much possible money on your insurance. Look into discounts you can get by having other policies in place with the same company, and more.
Analyze Your Business
As we mentioned before, don’t get the wrong insurance. You need to look at your own business and reflect to what your insurance needs are going to be. If you’re running a cleaning business, don’t have a website, don’t take credit card payments, etc. – then you probably don’t need cyber security insurance, but you would want general liability so you and your clients/customers are protected in any accident, slip, trip, or fall.
If you’re more commercial, or your company grows, then you can always increase this policy or switch later to something more elaborate like a business owner’s plan. Sometimes you may need a “package deal”, which some policies cover everything in a box.
Get the Quote, Review Your Order, Buy it, then Review before you Renew
Of course, the final steps is to get a quote (this is when you can start shopping around and compare quotes from other companies as well), look things over and make sure you are getting the coverage you need and buy it. Sounds simple right? Well, it actually is since you’ve already got the hard part out of the way earlier on. You do want to pay attention the following year though when it comes to renewing your insurance policy. Plans can change, pricing, and even coverage can change as well. So it’s important that your policy covers all the requirements you’re going to need in your business as well.
There are many insurance providers out there that can offer beneficial insurance for businesses, and you really should shop around. The reason? Not only can you compare prices and quotes, but you may end up also finding insurance provider or two that doesn’t provide the exact insurance you’re needing to make your business not only more professional, but also safe and secure for everyone that may hire you, pay for products and services, or even yourself.