How to Find Business Insurance That Matches Your Business

Every business is different and requires different levels of coverage, which is why it is important that you find the appropriate coverage that matches your business. 

Your small business can come in countless sizes, and for every size there is a small business insurance plan that is right for you. The coverage that is right for your business depends on a few factors like your business type, where it’s located, and whether or not you have employees. If you want to purchase the right business insurance that matches your business, take these tips into consideration.

Finding Insurance for Your Business

Home-Based Businesses

Many successful businesses started from the safety and convenience of their home. Normally, home-based businesses consist of zero or one employee and generate relatively little revenue. But that doesn’t mean home-based businesses should go uninsured. Homeowners insurance will not cover liability or damage done to your home-business’ equipment. You have to ensure that you purchase a business insurance policy that covers your home-based needs.

Small Businesses

Many insurers consider a business with 50-100 or fewer employees to be a “small business.” A very common small business policy is called a “business owners policy,” or BOP. If you have fewer than 100 employees and only make a revenue of up to $5 million, a BOP may be right for you. Every business is unique, and a BOP may not suffice. You can customize your insurance policy to meet all of your business’ requirement to ensure that it is safe from all the risks that pose a threat.

No matter the size of your small business, you can count there’s a business insurance policy to match its needs. Make sure that your small business is protected with the right commercial insurance policy. Contact Abatelli Group, Inc. for a proper policy on your insurance needs.

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