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Best Business Insurance
By Neil Patel
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Every business needs insurance. Depending on your business type and industry, some of you will need more protection than others.
Without insurance, you could be liable for potentially hundreds of thousands or even millions of dollars.
What happens if one of your vehicles is involved in an accident? How will you pay for the damages of a fire or flood in your office? What if an employee or customer slips and falls on your property?
You need to have insurance, or you’ll be paying these costs out of pocket.
But finding the best business insurance package for your organization can be tricky. On the one hand, you want to make sure that you’re covered, but on the other, you don’t want to overpay on premiums.
The best way to start your search is by choosing a reputable business insurance provider—I’ve narrowed down the top business insurance companies in this guide.
The Top 6 Options For Business Insurance
How to Choose the Best Business Insurance For You
There is no “one-size-fits-all” plan for business insurance. Every organization is unique, so you’ll need custom protection based on your needs. Certain insurance providers are definitely better for specific types of insurance, as well as other factors.
As you’re browsing and getting quotes from different providers, make sure you keep the following considerations in mind:
Industry
Some insurance providers have more experience covering businesses within certain industries.
For example, a restaurant would have very different insurance needs from a construction company. A dental practice won’t have the same needs as an ecommerce website. You get the idea.
So as you’re evaluating a potential provider, take a look at their existing clients and industries served. Do they have experience covering businesses in your industry? If not, look elsewhere.
Customer Service
If you have to submit a claim, you want to make sure that your insurance provider has your back. When you pick up the phone, will someone answer?
Any delay in the claims process will cost your business money. Let’s say there is a flood at your retail storefront. If your insurance company drags their feet, you might not be able to re-open. How soon will someone come to evaluate the property? How quickly can they approve a contractor to repair the damages?
Choose an insurance company that will go the extra mile to serve your business in times when you need their help the most—that’s what you’re paying them for.
Reputation of Provider
There are literally thousands of insurance companies in the United States. Some are brand new, some have been around since the inception of insurance, and many fall somewhere in between.
In most cases, I prefer to go with an older insurance company with a long-standing reputation. These providers have seen it all, and they’ve survived the test of time. You run some risk if you go with a newer company. Let’s say you …read more
Source:: Kiss Metrics Blog
