Ask These Questions Before Securing Commercial Insurance
As a business owner, your free time is limited. This is why it’s so important to secure the right commercial insurance in Renton, WA first time around. To help you find the right policy that suits the needs of your business, be sure to ask your insurance agent these three questions.
What type of commercial insurance do I need?
This is an important question to ask your agent. Most companies need general liability, property insurance, workers’ compensation. However, based on your business’s specific needs, you may want to add more coverage. Your agent will be able to help you make the right decision for your individual situation.
Is commercial insurance necessary for me?
Even if you’re a small business with very few assets, commercial insurance is still valuable. If you have any property that is stolen, broken or damaged, property insurance helps offset the cost of replacing the items. What’s more, business insurance offers more than just protection against material losses – the liability coverage provides protection against a variety of issues, including lawsuits from customers or clients, damages caused by you, and interrupted income.
How can I lower my premium?
While you’re looking for business insurance, be sure to ask your agent about the different ways you can lower your insurance premium. If your business already takes steps to reduce risk, then you may qualify for discounts. A great way to earn discounts is to train employees, install a security system, follow fire safety precautions, and bundle insurance policies together.
Asking these questions can help you to make sure that you have the right commercial insurance. For a policy to suit your business and property at the right price, contact the team at Humble & Davenport Insurance today.