Insurance Insights: Keeping Up With Change
Because changing circumstances can drastically alter the outlook of a small business, owners are urged to keep insurance agents apprised of such changes. Otherwise, a business may unnecessarily face exposures that can have enormous future effects in the event of a loss. One such change involves moving a business from an owned to a leased facility. Making such a move should trigger discussion of fire and liability protection. While fire-legal-liability coverage, as it is called, is included in general liability policies, it usually has limits. A business owner needs to be sure that the limit on his or her fire-legal-liability coverage is sufficiently high to cover the total value of the property being leased.
Unlike major insurance companies, we have access to multiple carriers, so we can shop around to find the best coverage options that fit within your budget. Whether it’s personal or business, we create insurance programs for the individual customer. We are more than insurance specialists; we are your advocates. We make ourselves available to clients, explaining coverage options and navigating issues until they’re resolved.
Quick Tip: Business interruption insurance helps keep a business running even if the owner has been forced to shut down temporarily after suffering a loss.