Is there a trick to purchasing small business insurance?
We get asked this question often. For too many small business owner’s purchasing insurance is confusing, time-consuming, and costly.
They rightly assume that purchasing business insurance shouldn’t be this hard and that there must be some method to the madness that they’re missing.
Here is exactly what you need to know…
Business Insurance is confusing, time-consuming, and costly.
We fix these problems.
Small Business Insurance
Is there a method to the madness when it comes to small business insurance?
The mistake most business owners make is to buy the first policy they can get at the cheapest rate they can find and then forget about their insurance altogether.
This is probably the worst way to buy insurance.
Maybe this strategy has worked for you in the past and if it has, then consider yourself lucky.
The dice by hot for a while, but eventually, you’re going to crap out and all the fun ends.
This isn’t a successful long-term strategy for protecting your business.
There needs to be a method to the madness, whether you have one or not, there should be, and there needs to be a method to the madness.
Because if you have that terrible day, God forbid, the only institution that is going to hand your a check and save your business, saying, “Hey, I know this really terrible thing happened, but at least financially, we can get you back to where you need to be so you can start rebuilding,” is your insurance company.
Method to the Madness
Thinking through your insurance program in a logical set of steps with clear, concise language is exactly what we here at Rogue Risk.
We work with you, on your terms.
We work in all 50 states, with every type of small business, and every type of insurance coverage.
The reason we’ve taken a wide approach because we want to make sure that small business owners understand that through some simple questioning and thoughtful discussion we can build out an insurance program that works for your business, not just today, but into the future.
Together we can build a small business insurance program that will grow and adapt as your business changes over time.
Small Business Insurance Coverage
The solution is a straightforward process to determine potential coverage needs:
- Do you have a workers’ comp need and how to properly set up your policy?
- Do you have a plan to avoid a big worker’s comp audit bill at the end of the year?
- Have you shopped out your commercial auto?
- Are you making the right decision by having a company car under your personal name or your business name?
- Do you have employment practices liability for hiring and firing and internal issues between employees and between management?
- What about cyber liability insurance?
NOTE: Over the next 3-5 years, cyber liability insurance might be more important than general liability. A slip and fall loss in your business is certainly possible, but a hacker, there’s a hacker most likely right now pinging your servers with a bot, trying to find weaknesses as you read this post.
At Rogue Risk, we walk you through these questions to help you better protect your small business, always finding the most competitive price in the marketplace.
Should you package your cyber insurance with your business owner’s policy or should you purchase a standalone cyber policy?
These are all questions that need to be thought through and answered in order to properly protect your business.
What about bonding?
Can you get surety bonds quickly?
Is purchasing a bond keeping you off a job?
We can help you get the bond you need today, packaged in the rest of your insurance program. No need to call multiple insurance providers.
This only works if you’re working through the process.
These are the types of questions that have to be answered to properly protect your small business.
Only by walking through a simple, yet specific process, can you make sure that once you do answer those questions that a program is built that’s fit for your business.
That’s why at Rogue Risk, our motto is Small Business Insurance on Autopilot.
That is what we do. We’re here to help you build that program and make sure that there is a method to the small business insurance madness.
Do you see the difference?
If this is the kind of relationship that you’d like with your agent or if your current insurance professional has never addressed these issues with you before, then I’d encourage you to reach out to us at Rogue Risk, today.
- You can call or text us at 518.960.6600.
- Click here to contact us via email.
I hope this article helped you better understand small business insurance.