Small Business Insurance Companies
As a small business owner, it is important to get adequate small business insurance coverage for your company’s specific needs while keeping down your costs. Thus, you may want to consider consulting your personal insurance agent to purchase some of your business policies, including vehicle or health insurance policies.
Because small business insurance is fairly specialized, you will want to work with an agent or broker who has expertise in this field. Particularly if you have a business with specific risks, such as a construction business, you will need an agent with specific knowledge about the types and amount of coverage needed in that industry.
It is not recommended to use different insurance companies for different parts of your insurance package. This piecemeal approach could cause gaps or redundancies in your coverage. The best way to ensure that this doesn’t happen is to choose one insurance company that specializes in insuring small businesses. Also, a single business insurance company can offer you a package like a Business Owner Policy (BOP) that provides you with basic small business coverage at reduced rates.
If you are in a specialized field that requires more than the average insurance, such as law or construction, you may want to consider finding a general liability company that has experience with businesses in your field. Often agents that specialize are able to shop around and get you the best rates. Their level of expertise is a vital part of the equation.
As you shop for an insurance company, meet with agents or brokers from both smaller, private firms and larger, national companies. Just make sure that, in either case, the agents or brokers are currently licensed by the state. In fact, your state can provide a list of licensed agents for you to contact. In addition, sources like InsureU for Small Business, HealthInsuraneInfo.net, and the National Association of Insurance Commissioners (NAIC) can recommend insurance companies based on your needs.
Small Business Insurance Directory