As a business owner, you have many options for insuring your enterprise. Finding the right coverage for your small business can be challenging, especially when faced with so many business insurance myths. By debunking common commercial insurance myths, your Curtis Miller Insurance agent in Parkersburg, WV can help you make wise commercial insurance choices.
Myth: All you need is commercial property coverage.
Commercial property insurance protects your place of business, business equipment, and inventory such perils as storm damage, lightning strikes, fire, theft, vandalism and more. At the same time, you can’t rely on just property coverage to protect your business interests.
If your business deals with the public, you’ll need liability coverage to protect you against injuries on your business property. If you have employees, you need worker’s comp to protect your workers against injuries on the job. We can help you select a comprehensive business insurance package catered to your specific business needs.
Myth: Home insurance will protect your home-based business.
Home insurance isn’t designed to protect your business interests. If your business equipment is damaged by a home disaster or a client has an accident while visiting your home for business purposes, you could suffer financial loss if you lack the appropriate coverage. By getting commercial coverage for your home business, you’ll have the protection you need against any eventuality.
Myth: A standard BOP (business owner’s policy) will protect your small business against flooding.
Commercial insurance doesn’t cover damage from flooding. You can, however, add flood coverage to your commercial policy to protect your business against this risk. If you live in or near a flood zone, it’s advisable to purchase flood insurance to protect your business assets.
For more information about commercial insurance and the coverage it provides, contact Curtis Miller Insurance in Parkersburg, WV.