Sherzer Insurance Blog
Regardless of a company's size, managing a business means always facing various risks in regular operation. Some of these risks could potentially drain your company's budget. If you are running a small business, you are more vulnerable to these, primarily operating on a limited budget.
It is a wise decision for small business owners to get financial protection for their companies. One way of protecting your business is by getting commercial insurance. It is your best partner in safeguarding your business and your employees from unexpected risks that you might encounter in running your business.
A small business owner like you can choose from the many commercial insurances available in the market. Learn the most common commercial insurances today.
Business Interruption Insurance
Business interruption insurance is among the essential commercial insurance that a small business should have. It is an income protection insurance that can replace lost income due to unanticipated events that, as the name implies, interrupt or stop your business from operating.
It can cover financial losses resulting from theft, fire, or wind damages. Business interruption due to lockdown is part of the coverage if it is among the unexpected events defined in your policy.
For example, your retail store cannot operate in the next three months due to the fire's damages. Your business interruption insurance can cover your lost income until your store is running again.
This commercial insurance can pay the wages of your employees. It can cover the costs of your monthly bills, such as rental fees, utility bills, and others. In other words, business interruption insurance can shoulder your operating cost while you do not have business activity.
Cyber Liability Insurance
Nowadays, many small businesses have boosted their online presence due to the current pandemic. Going online with your business also has risks associated with it. Cybersecurity concerns such as hacking and phishing can hurt your business.
Cyber liability insurance offers protection to your business from cyber-related risks. It can safeguard your business from cyber threats and attacks. It can give you a broad range of coverages, from cyber-related risks, including data breaches to hacking.
For example, a hacker accessed your computers and began deleting essential files such as customer information. Your insurance policy can help you recover lost business files and income.
Small business owners like you are particularly vulnerable to risks associated with running a company. It is good to know that commercial insurance is here to help you safeguard your business. You can let commercial insurance handle the risks while you focus on growing your business.
At Sherzer Insurance Agency, we put our clients first by offering them policies that they can afford. Having insurance is a necessity nowadays, and we're here to help you out. Learn more about our products and services by calling our agency at (239) 673-9301. You can also request a free quote by CLICKING HERE.