9 Reasons Why It’s Essential To Insure Your Business

1. 9 Reasons Why It’s Essential To Insure Your Business

2. There are a multitude of risks at play for those running a small business, whether it be from an employee harming themselves while at work or a natural disaster destroying the premises, and protecting your assets as a business owner, has never been more essential. One of the safest and most comprehensive ways of ensuring that both you and your business are kept as safe and secure as they can be, is to purchase adequate insurance from a reputable and fully qualified insurance firm in your locality. If you needed any more reasons to insure your business, here are 9 of the best:

3. You’ve got no choice, it’s the law! Businesses who employ staff are required by law to provide certain types of insurance, such as workers compensation and unemployment and disability. A failure to do so could see businesses having to fork out thousands of dollars in fines, face civil or criminal penalties and even ‘cease and desist’ orders, any one of which could spell financial ruin and cost far more than an insurance policy ever would. • Being sued becomes a distinct reality: Businesses have folded over lawsuits or liability claims, and without appropriate insurance, yours could face this, too.

4. What happens in the event of a natural disaster? Good insurance coverage can help businesses stay afloat in the wake of natural disasters, and with Business Owners Insurance, your business could survive and even go on to thrive, after a natural disaster has struck. • Are you a safe bet? You may think you’re a safe bet, but nothing shows prospective clients and customers that you are than having business insurance.

5. Employee protection: All good business owners should know that their employees are their most valuable asset and protecting them with sound insurance, is always going to be a wise investment. • Protecting your own assets: Payments from company-owned life and disability insurance policies can help to cover the loss of income generated in the event of your death or inability to work due to injury or sickness and provides funds for the purchase of your interest under a buy-sell agreement.

6. Helping to attract and keep good employees: Employees are always going to be attracted to a company who takes the effort to protect their staff through various insurance policies, and they are far more likely to stay with that company, too. While most employees find a good salary to be one of the key factors that helped them decide whether they should join a company, or stay with one, they also look for benefits packages that include life, health, disability and long-term care insurance.

7. Some contracts may demand it: As a business, you may need to have insurance if you rent or lease the premises, if you borrow money to finance buildings, equipment or operations, or if you have client contracts that specify you carry insurance in the event of things not going to plan. • The future is anyone’s guess! Natural disasters, accidents in the workplace or lawsuits from employees are all things that can happen to any business, at any time, and while there is no guarantee that these things will happen, nor is there any guarantee that they won’t.

8. Protect yourself, protect your business and protect your employees: these simple rules when followed, can help insure the longevity and success of your business and your future as a whole. We Insure Miami was founded on the principle that every individual and business, big and small, has assets and valuables that need to be protected and insured against forces outside of our control. We offer Homeowners, Auto and business insurance in miami. Our agents understand that you work hard every day to protect your car, home, business and family. WE are passionate about Insurance and passionate about serving you. If you are looking for homeowners or business or car insurance in miami, contact us for a quote or a complimentary review of your insurance policies.