Running a small business comes with many risks. Consequently, having the right small business insurance is essential. Without policies like general liability, workers’ compensation, professional liability, property & liability, commercial auto, cyber insurance, and commercial umbrella, your company could be hit with liability lawsuits or losses that result in an unbearable financial burden. Sadly, many businesses close their doors every year for this reason.
But how do you know if you have the right insurance and insurance provider? You did your due diligence when you bought your policies, but insurance needs change over time and so does the insurance industry. Staying with a particular provider or with certain types and amounts of small business coverage simply because they’ve “worked” up to this point isn’t a good strategy.
What if a gap has developed in your coverage, putting you at risk of a financial loss? Or what if you’re paying more than you have to and are missing out on significant savings? These are just some of the “what if” questions that go unanswered if you don’t ever consider your options.
The key to ensuring your company is protected—both fully and cost-effectively—is to take an active role in your small business insurance strategy. And it’s important to note that this doesn’t require a large commitment of time and effort. In fact, it’s really just a matter of periodically looking for five signs that it’s time to switch providers or add/increase your coverage.
You should stay focused on running your business rather than dealing with your small business insurance. The protection it provides is vital, but you don’t want obtaining that coverage to be overly time-consuming. The good news is that it doesn’t have to be.
If you choose to switch your coverage to biBERK, for example, all you have to do is give us a little information about your company and your operations (online or in speaking with one of our licensed insurance experts), and we’ll take it from there. We’ll provide you with quotes in a matter of minutes and you can purchase policies and have them in effect quickly—in most cases within a day or two.
And your relief at having essentially instant coverage from one of the industry leaders and a trusted Berkshire Hathaway business insurance company will be immediate! You’ll sleep better knowing that an insurer with access to the financial resources of Berkshire Hathaway, listed as one of the Best Business Insurance Companies of 2021 by Digital.com, and proud to have a 4.9 out of 5 customer review rating has your back.
So, is it time you took a fresh look at your small business insurance provider and your existing policies? For most companies, the answer is, “Yes.” If that’s you, why not take action today? You’ll find that the small amount of effort invested in that review can deliver a very large return!