Learn How to Pick the Right Business Insurance Policy to Protect Your Company

Learn how to get the business insurance that you need.

As a small business owner, itâ's important to protect your business from all sorts of perils. From equipment damage to professional liability, there are lots of types of policies and coverages to choose from. Demystify business insurance by checking out these tips to help you get the coverage that you need. Know Your Risks. The more that you know about your risk, the better youâ'll be at protecting your business. Make a list of all the possible disasters that could harm your business. Perhaps your business is located in a flood zone, or perhaps youâ're at risk for experiencing a large earthquake. Once you make your list, rank the disasters in order of likelihood, and then pick policies that will cover your business for damages. Compare Coverage. Before you settle on a policy, itâ's important to compare and contrast coverage. Different companies offer different types of coverage. Choose at least three policies to compare. See how they differ in what they cover, pricing, and deductibles. However, verify that youâ're comparing apples to apples. Donâ't compare policies that are entirely different from one another. Review Your Policies Annually. Once youâ've picked a policy, the work doesnâ't end there. You must review your coverage annually. As time goes on, your business needs may change. Perhaps your business has expanded, and you need more workersâ' compensation insurance or perhaps youâ're getting ready to retire, so youâ've downsized your business. As life changes, your business changes. Review your policies annually so that you can amend your coverage to fit your current needs. Rest easy knowing youâ've picked the business insurance that you need. For help finding the right policies, contact the professionals at Cook, Disharoon & Greathouse, Inc. Located in Oakland & Pleasant Hill, California, we serve all your personal and commercial insurance needs.