Insurance errors to avoid when assuring commercial insurance.
As a small business owner, you know that insurance is not a gig. It is something you must take seriously and consider wisely. Before you buy a policy, you want to make sure you have all your bases covered. To protect your business and your pocket, take a look at these commercial insurance gambles you don't want to do.
One size fits all
Do you limit your business protection by buying a standard and basic insurance? A surprising number of companies choose a policy that is not tailored to their needs, which means that they may not have the right coverage in place. A start-up business will not have the same liability risks as an established small business. Make sure you get customized coverage that suits your business needs.
Failure to review
This is a particularly risky gig, especially since so many companies are growing rapidly and exponentially. If you are new insurance, you can choose to stick to your policy for months or years in the end, but that doesn't mean it's still tailor-made for your business. As your business grows and services change, your insurance needs to be changed as well.
All that is required is that it is a disaster for companies to close the doors for good. Business interruption insurance helps your business get back on its feet after a disaster that knocks you down. The longer your business is closed, the more money you lose. This coverage is valuable but often overlooked.
Are you ready to secure commercial insurance ? Contact Abbate Insurance. To get started with securing your policy contact us today. We serve New Haven and nearby cities in Connecticut.