If you have an existing business or you are starting a new business, one of the most important investments you can make is to take out a Commercial Insurance policy. It could prove to be crucial for your business as without it, you risk going out of business!! Disaster could strike at any moment and force you to shut your doors.
To build a business takes hard work, investing a lot of energy, money and time to create a company that you can be proud of. But seldom time is spent thinking about the insurance side. The last thing you would want is to lose everything! It might seem tempting to cut costs and to not obtain a commercial insurance policy for your company but business experts highly recommend maintaining a commercial insurance policy.
Commercial insurance provides you, your company and your employees with protection from commonly experienced losses such as property damage, theft, liability, employee injury and much more. The exact type of coverage your business would require will vary based on the type of business you own. Keep in mind that even if you run your business from your home, that your domestic insurance policy will most likely not provide you with any cover whatsoever for any part of your business.
Do you currently not have a commercial insurance policy in place or are you unsure if you coverage levels are set appropriately? For more information on getting insured or getting the most from your existing commercial insurance policy you are welcome to speak to one of our brokers!
Article by Melanie Venter