When you run a business, you’re exposed to many more risks than you are when working for someone else. You have more responsibilities and assets to protect. Even so, there are plenty of reasons why to run your own business. Driven by an entrepreneurial spirit and a desire to bring to market a unique idea or to offer a specific skill, there are 28 million small businesses in the US, accounting for 54 percent of all sales.
With so much at stake, insuring your investment, yourself, employees and property the right way is one of the most important decisions every owner must make. From commercial auto and property to workers’ comp, there are a lot of considerations. So, where to start?
Know the rules. Check with your state’s Department of Insurance about which coverage is required of small businesses. You’ll need to ensure you keep up to date with new policies and rules to protect your business, too.
Imagine the unimaginable. No one wants to think of their small business in ruin or financial strain. However, this step does help to protect your business in the long run. Once you know your risks and how your business would manage in an emergency, you can work on improving these two aspects. Consider fires, slips and falls, loss of income, defective products, injured employees, and equipment breakdowns. Look at each step of your business, imagine the worst, and then protect against it.
Talk to a reliable insurer. If you don’t know what coverage your business needs, it can be easy to hand it off to an insurance agent and hope for the best. However, you don’t want to be paying for coverage that you need or have limits that are far below what your business demands. Talking to a reliable and professional insurer will help to determine not only the right policies for your business but the limits and deductibles, too.
Spring cleaning tasks that prevent insurance claims.
Our job as independent insurance agents is to help you mitigate the risk that exists in your life, whether that applies to your possessions or your well-being. A spring cleaning checklist is likely to be on every homeowner’s to go list with spring arriving just a couple of days. Checking off these tasks while you’re cleaning can help to prevent costly insurance claims.
Change the batteries in the smoke and carbon monoxide detectors. Spring is a good time to change the batteries in your home smoke and carbon monoxide detectors. It’s also a good idea to test these units (once a month is recommended) while you are replacing the batteries to ensure they are still working correctly before it’s too late.
Clean the dryer. It’s a good idea to check that the dryer’s hose is free of lint. While you may clean the lint trap after every load, some lint can get past the filter and into the hose. If the hose is clogged with lint, it could spark a fire when creating heat for the dryer.
Change your air filters. A clean air flow reduces the efforts of your air conditioning and heating units in performing their functions. In turn, this simple task can extend the lives of the units motor.
Seal windows and doors. Check that all the seals on windows and doors are in good condition. Fill in any gaps that you see and replace worn or dried out caulking. Where there are gaps, leaks can form and cause damage.
Clean out the gutters. Debris and dirt from winter can clog up the home’s gutters and downspouts, which could cause the gutters to break and allow water to seep inside of the home. A good clean out of the gutters can keep the water flowing away from your house and prevent the possibility of water damage and leaks.
Trim the trees early. Keeping dangerous branches at bay can limit your exposure to potential car damage and personal injury, not only to you and your property, but that of neighbors and visitors.
One of the most important parts of protecting your home is securing homeowners insurance policy, which can provide the right amount of protection to fit into your lifestyle and property. Contact Abatelli Group, Inc., serving Whitestone and neighboring cities in New York with the right and reliable coverage.