Planning and preparation is an important part of running a small business. This is especially so when you decide to approach your Northwest Community Insurance agency to discuss the type of business insurance you will need. Planning for the right type of insurance may be done in a number of ways:
Conduct a Risk Assessment Survey
Carry out a risk assessment. This will help identify where the financial threat in respect to accidents may occur. For example, if you run a shop, particular care must be taken where members of the public are allowed access. A fall or injury may result in a negligence claim which may prove to be financially damaging, even crippling if you don’t have the correct insurance.
What Form Should the Insurance Take?
Once you understand the type of risk your firm is exposed to, then you can decide on the sort of policy that would best suit you. A combination of standard coverage types, such as in a Business Owners Policy (BOP), may save money since they are purchased as a package.
Obtaining the right type of business insurance to suit your company’s needs is paramount in securing financial protection. Make sure you have done some planning and preparation prior to contacting a Northwest Community Insurance agency for a quote. Should you require more information on business insurance and how you can make it work for your company, please don’t hesitate to contact one of our agents!
www.nwcommunityinsurance.com 503-975-1188
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