Does my small business need business interruption insurance?

Nobody that has gone through a disaster expected it to happen. Unfortunately, the worst part of a disaster is usually being unprepared.

If your Neward or Westerville, OH business has the misfortune to go through something serious, whether caused by weather, bad luck, absenteeism from widespread illness, or deliberate actions, your business could be forced to close.

Closing Down to Deal with a Crisis

You know about other kinds of commercial insurance you need. For instance, you have commercial property insurance that will help you repair or rebuild after damage from a fire or storm.

But while you are getting your business back to normal, your bills are still coming in. You still have to pay utilities, mortgage, salaries, and many other expenses that need to be paid on time. What can you do to make up for the loss of income while your business is closed?

Business Interruption Insurance

At Associated Insurance Agencies, Inc., we offer other kinds of insurance that can help protect your livelihood. Business Interruption Insurance is meant to fill in during those gaps when you aren’t open to making money but you don’t want to destroy your credit or use all your savings just to stay afloat.

You still need to be able to pay for at least a few days before Business Interruption Insurance kicks in, but once it does, you will be eligible for funds to help your business recover from this temporary closure. Without the extra money, some businesses might take longer to get back on their feet, and some might never recover. 

If you live in Neward or Westerville, OH and want to see how Business Interruption Insurance can help you, or if you just have any general insurance questions, please feel free to call Associated Insurance Agencies, Inc. today.


Why You Might Need Commercial Insurance for a Home-Based Business

Associated Inurance Agencies Inc.

Technological improvements have made it easier for people to start home-based businesses. However, this ease of entry can make owners think they can take shortcuts. Many believe it unnecessary to have commercial insurance, for example. Then, when calamity strikes, as it so often does, these entrepreneurs realize their mistake. Some even lose everything.

To better increase, the odds of your business succeeding, discuss the merits of commercial insurance with the helpful staff of Associated Insurance Agencies Inc., which serves the Westerville, OH region. But, first, keep reading to find out just why home-based businesses often need commercial insurance.

Clients or Employees in the Home

If your clients visit your home, then you really should have commercial insurance. Likewise, if you have others present working for you, be sure to get coverage. Without this protection, you could wind up paying out-of-pocket for harm to clients or employees.

You never know when someone might slip and fall. You never know when they might blame you for something stolen while on the premises. Without sufficient insurance, when something bad happens, you will have to handle all the costs of defending your reputation. If found liable, all the costs of damage done could fall upon you.

Errors and Omissions

Everyone makes mistakes. Professionals should have errors and omissions commercial insurance to ensure they have adequate protection when they fail to live up to recognized standards.

Never assume that you will always do the right thing. Even if you have done your best, a customer or the court may find your performance lacking.

Business Property

Running a business from home means you will have expensive equipment, from computers to fax machines, sitting around. This property can be damaged or stolen. Without insurance, you will have to replace it with money from your operating account, reducing profits. Commercial insurance could help in this regard.

Get Started Protecting Your Future

For more information, contact Associated Insurance Agencies Inc., serving the Westerville, OH region and beyond. The professional staff can help you find the optimal amount of commercial insurance for your particular home-based business. Get a free quote today.