First Insurance Group
Home Page

Free Insurance Quotes Auto Insurance Home Insurance Commercial Insurance Life Insurance Health Insurance

Small Business OpeningEvery business needs insurance — even small ones. Why? All businesses have risks. And it's a fact that the right coverage for your small business can make or break your company if a covered incident occurs.

Insurance is all about protecting your assets. And no matter how careful you are with every aspect of your business, unexpected disasters happen. You just don't have control over them. But whether it is fire, flood or theft, an insurance policy take cares of that for you. Here are five tips to help you select the right policy.
  1. Make sure to discuss all potential losses to your agent. That $3,000 aquarium display in your lobby might not look much to your agent, so she might scratch it of as something "less valuable." So be sure to specify the real value of all your assets in case any accidents occur.
  2. Discuss in length your full inventory to your agent. Coverage should replace all lost or damaged equipment with the same, or at least comparable, items instead of getting items of a depreciated value. We've heard some horror stories about company equipment getting replaced by cheaper versions, so be sure to discuss in great detail the value and the replacement potential of all your current inventory.
  3. Get worker's compensation insurance. An accident in the workplace can cost you a lot of money. It will require you to pay all medical bills and lost wages, or face a lawsuit by a begrudged injured employee. Worker's comp can cover these situations, saving you the expenses of work accidents.
  4. Consider a package deal, such as a business owner's policy (BOP). It's usually cheaper and can cover a long list of your concerns in one easy bundle with one premium payment.
  5. Hire an independent insurance agent. They are not bound by a single company, so they can broaden their horizons and really shop around. The insurance industry is vast and there are lots of factors involved. But the independent agent knows his stuff, and can really give you the best policy your business deserves.
So now that you know about small business insurance. It's time for you to contact that dependable agent of yours and start purchasing that perfect coverage for you!

Get the protection you need. Call First Insurance Group at (502) 348-5921 for more information on Lexington business insurance.
Share |


No Comments


Post a Comment
Name
Required
E-Mail
Required (Not Displayed)
Comment
Required


All comments are moderated and stripped of HTML.
Submission Validation
Required
CAPTCHA
Change the CAPTCHA codeSpeak the CAPTCHA code
 
Enter the Validation Code from above.
NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive


View Mobile Version
First Insurance Group
Home | Get a Quote | About | Customer Service | Claim | Contact



First Insurance Group
Main Office 2520 South Highway 27 | Somerset, KY 42501 | Phone: (606) 679-3570
Bardstown 107 Lincoln Way | Bardstown, KY 40004 | Phone: (502) 348-5921
Frankfort 1510 Louisville Rd | Frankfort, KY 40601| Phone: (502) 223-5100
Nicholasville 508 North Main St, Suite C | Nicholasville, KY 40356 | Phone: (859) 885-9454
Richmond 312 Jason Dr Suite 3 | Richmond, KY 40475 | Phone: (859) 623-6692
Glasgow 605A Happy Valley Road | Glasgow, KY 42141 | Phone: (270) 651-5723

© Copyright 2017. All rights reserved. Powered by Insurance Website Builder
Get A Quote Find an Agent Locations
Facebook Twitter LinkedIn google maps for somerset