- Over 40 Years of Experience
- Licensed in Multiple States
- Comprehensive Proposals Provided
Over 40 Years of Experience
Licensed in Multiple States
Comprehensive Proposals Provided
Hours:
No matter which industry you operate in or the size of your organization, starting a business involves taking on considerable financial risk. Along with making the right decisions to maintain and grow your business, it is important to protect it and manage the risk and uncertainty associated with keeping the entity running smoothly.
A single incident, such as a motor vehicle accident or a negligence claim, can result in your business going bankrupt if the proper safeguards are not in place. Having adequate insurance coverage is the key to managing your risk as a business owner. Let us show you what business insurance coverage options we provide and how securing your livelihood depends on having it.
Make sure your business is properly insured by calling Ihry Insurance and requesting a free quote.
Business or commercial insurance is any policy designed to shield and protect your business from loss incurred as a result of its daily operation. The way each individual policy is worded lays out the kind of coverage it provides, as well as any specific limitations.
Along with protecting the property you use to run your business, such as buildings, machines, tools, and equipment, business insurance can also provide coverage and protection for your employees and members of the general public as they interact with your entity. Some insurance policies provide working capital during times when your business cannot finance itself, such as the period immediately following natural or other disasters.
The kind of insurance coverage your business needs depends on the type of organization you have, the scope of its operation, its level of assets, and the risks associated with carrying out business activities.
Factors to consider to determine the best options for your business insurance policy include whether or not you hire employees (workers comp), own a building or property (flood insurance), have vehicles (auto insurance), and if your business has direct interaction with members of the general public (liability insurance).
There are many coverage options available for small business insurance, which include but are not limited to the following:
The differences that exist between each type of business operation make it impossible to determine what your business insurance premium would cost without taking a closer look at information about your company.
Along with other important factors related to running the business in question, your insurance agent will take the following into consideration to estimate your coverage needs:
Once the premium is calculated, your insurance agent may be able to provide discounts on the purchase of multiple policies or provide no-claims bonuses based on a history of low-risk business operation.
In some cases, there can also be a reduction in premiums if your business takes steps to lower the risk of daily operations, such as installing smoke detectors, fire extinguishers, and security systems. Taking these and other precautions dramatically reduces the chances of loss due to theft or damages.
Business insurance makes it possible for you to start and grow your business with confidence and security. It is important to know the types of insurance coverage you need to protect your business from potential disasters. Consult with an experienced and knowledgeable broker from a reputable agency to explore and compare your options to make the right choice.
At Ihry Insurance, we work with you to assess your situation and create a customized policy that keeps your business safe. Call us today to talk to one of our helpful agents and get a free business insurance quote.
Learn More About Business Insurance
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(701) 557-1727
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