Getting a new commercial insurance policy with us at BenefitSource Insurance Services, Inc. can be a challenge if you aren’t sure where to start. So if you live in Aliso Viejo, CA and are starting a new business, here are a few tweaks and trips you can take advantage of to improve your insurance and ensure that you don’t pay too much.
Cut Unnecessary Coverage Types
Your commercial insurance should vary depending on the type of business you operate, and your insurance should only cover what you need. For example, vehicle coverage is not necessary for companies that have only one or two vehicles. You can also cut flood insurance coverage if you are nowhere near a flood zone.
Maximize Your Liability Insurance
Conversely, you should always have as much liability insurance as possible for your business. Even if you have to take out extra supplemental policies, you need to ensure that your company is protected from lawsuits. For example, a customer could spill food on their lap and attempt to sue you for it because it was prepared too hot. With liability insurance, you can cover most, if not all, of the damages.
Don’t Neglect Cyber Insurance
Whether you are up to date with technology or not, you need to get cyber insurance for your company. Hackers are everywhere, and they can take advantage of weak cyber coverage. Thankfully, cyber insurance will kick in and protect you if you get hacked, and you or your customers suffer from any financial hardships.
These tweaks and others – such as business interruption insurance and policies for your freelancers – are necessary if you want your Aliso Viejo, CA business to succeed. Please contact us at BenefitSource Insurance Services, Inc. if you operate in this city or anywhere in the surrounding area.