Do's
- Bring your insurance agent into your startup process so that you have policies in place right from the beginning.
- Compare coverage. Find out what prices are available for your specific needs.
- Investigate joining an association. There are a variety of discounts available.
- You may need more than just one type of insurance, so consider using an insurance agent who can handle all your insurance needs. You can usually get a discount if you get your insurance policies in one complete package.
- Remember to increase all your insurance coverage as your business grows.
- When considering insurance policies, you should include commercial umbrella coverage.
- Your Business Property Insurance should be broad enough to cover every eventuality.
- If you have tenants, include tenant improvements in your property insurance policy.
- Although an additional expense, consider purchasing health insurance. Health Insurance is a great tool for recruiting and keeping good employees.
- For companies with employees, think about carrying employment practices liability insurance.
