When running a business, you increase your chances of bringing in income, but you also increase your risk at the same time. In order to protect yourself against this risk, you’ll need to purchase some kind of business insurance. There are a number of different types of insurance policies for you to choose from, depending on your unique business needs.
Property Coverage
One of the most important types of business insurance for you to buy is property insurance. With property coverage, you ensure your place of business and any of the contents inside the building. This type of insurance will pay out if the building or any of the property inside is damaged. If you have any expensive equipment such as a forklift or computers, this type of policy can reimburse you if they are damaged. If you do not own the building that you conduct business in, you can buy a renter’s policy instead.
Liability
When running a business, you open yourself up to a great deal of liability. Customers could be injured or wronged in some way while doing business with you. Suppliers could be financially hurt by something that you did. Because of these risks, it is important to make sure that your business has liability insurance coverage. With liability insurance coverage, the insurance company pays for your legal fees and any damages that are awarded to others on your behalf. For example, if a customer falls down inside your store and is injured, this kind of insurance coverage will pay for his medical bills and any pain and suffering that you are responsible for. Without this type of coverage in place, you could be putting your entire business or your personal assets at risk.
Auto
In some cases, you may need to purchase a commercial auto insurance policy. If you have company cars, it is important to get them covered with this kind of insurance. In many cases, you can get commercial auto insurance cheaper than you would be able to with a regular auto insurance policy. This is especially true if you are buying auto insurance for a fleet of cars at the same time.
Business Owner’s Policy
When you are running a business, you will typically need all of these types of coverage and more. Because of this need, it might make sense for you to pursue a business owner’s insurance policy. With a business owner’s policy, you get to bundle all of these coverage options into a single package. You do not have to purchase separate insurance policies for property, liability, and auto. This can save you some money when compared to purchasing individual policies for each item.
A business owner’s policy can also provide some additional benefits such as a stoppage of business protection. With this type of coverage, the policy will pay out if you are unable to engage in business for some circumstances outside your control.
Regardless of what type of business insurance you need, it is important to shop around with various insurance companies. This way, you can be sure to get the best deal available at the time.
Guaranteed cheaper
In almost all situations we are cheaper at your current coverage. That is that we work on the basis of a service subscription instead of a commission. We offer customization. The reward and type of insurance did not determine our remuneration. A big difference in the working method compared to almost all intermediaries. It often saves you a substantial saving. Sometimes thousands of dollars! An entrepreneur thinks about his company. So why do you pay too much for extensive and personal service and still good insurance with extensive cover?!
Various types of damage insurance for your company
Buildings and inventory goods insurance
Liability (AVB)
Work equipment
Liability insurance
Legal counsel
Motor vehicles / Transport & transport insurance
Business stagnation
Sick leave
Collective income insurance
How long does your company still exist when something happens to you?
An independent entrepreneur can hardly afford to become incapacitated for work. After all, the company depends on you. Yet every year one in ten entrepreneurs report being unfit for work. It is good to know that you have an insurance policy that supports you financially.
With occupational disability insurance for the self-employed, you insure yourself against the risks of illness and/or incapacity for work. You are certain that your income is guaranteed so that you can concentrate on your recovery or new opportunities. Many entrepreneurs think that an AOV cannot be paid. We will show you the affordable options!
Specialist for disability insurance
The market for disability insurance for the self-employed is constantly changing. But also you’re personal situation and also your company. Which product is most suitable in your situation depends on your wishes. An advisor specializes in income insurance.
Do you already have an AOV and do you want to know how much you can save? Or will your insurance soon end?
Last Words
Insurance advisor is your independent financial advisor in the field of mortgages for an entrepreneur, insurance for your company, saving for your future provision, and borrowing money such as a financial lease.
