Make sure you understand your business’s insurance.
If you own a small business, then you want to do everything in your power to keep it safe. This is why it’s so important to secure the right commercial insurance. But how can you be sure that you’re making the right coverage decisions? Here are some of the questions you should ask about your business insurance.
- What types of insurance do small business owners need?
Generally, general liability, commercial property, and workers compensation are the most basic business insurance options. However, your business will need more coverage than these base policies can offer. Your coverage needs will differ depending on the type of business you operate. Your business’s location will also affect your coverage needs. So, speak to a qualified agent to ensure that you have the comprehensive commercial coverage that your business needs.
- What does my coverage cost?
The cost of your commercial insurance is dependent on a variety of factors. The type and amount of coverage that you have, the number of risks that you face, and the location of your business are just of few of the many factors that can affect the cost of your coverage. To ensure that you aren’t overpaying for your coverage, make sure you compare quotes from several different insurance providers. Additionally, ask your agent about ways to save. Business owners can usually save on their insurance by increasing their deductibles and employing safety measures in their workplaces.
- How and when do I submit a claim?
If you have never filed a commercial insurance claim before, then the process can seem intimidating. To ensure that you know what to do in an emergency, ask your agent about the claims filing process. Remember, the sooner you submit a claim, the more likely you are to get all the coverage that you need.
These are some of the important questions to ask about your business insurance. Do you have additional questions about your commercial coverage? If so, then contact the experts at Duane Weber Insurance, Inc. in Kent, Washington. We are ready to assist you with all your business insurance needs today.