Running your own small business can be exciting and stressful all at the same time. With so much going on, it’s important not to forget that your small business insurance coverage should be a vital part of your business strategy. If something happens and you don’t have proper coverage, there might be little left to worry about.
Here are some tips for finding the insurance you need without blowing your budget:
Use a broker.
A brokerage has access to a variety of different markets so they can shop around to find the best price and coverage for your needs. A brokerage also does the work for you by making sure the insurance company is reputable and financially stable.
A good relationship.
You need to be able to trust the company and the people that you’re dealing with. Do they understand your business and your needs? Do they communicate information in a way that’s understandable and convenient for you? Do they respond to your questions and requests quickly? You want to feel confident that they’ll be there when you need them most.
The right coverage.
It’s important to make sure you have both the right type of coverage insurance and the right amount of coverage. Working with a company that can help you identify these items and not over-sell you is important. If you have questions, make sure to ask and make sure you feel like you’re getting a straight answer. Also, make sure to fully disclose your operations and answer all questions as honestly as possible to prevent any issues with a claim down the road.
As an insurance brokerage geared towards small businesses, Bullfrog Insurance understands the importance of each of these items. We work on your behalf to get the best rates for your business and to make sure the process is as painless as possible.