One of the key goals when starting a business is keeping a tight rein on start-up expenses. You have a long list of things you must have, things you want to have, and things you should have. It can be challenging to allocate your initial capital funds in the most beneficial way. One thing you might be tempted to cut corners on is business insurance. The reality is that if you limit your coverages to just the basics, you could end up out of business after the first financial upset.
The key is getting guidance to learn about all the various types of business insurance and assessing what the most common risks are based on your intended business operations. There are risks associated with being over-insured just as there are for being underinsured, although it is best to err on the side of having too much coverage rather than too little.
An experienced insurance broker will take the time to learn about your business, your risk tolerance, and other factors before discussing such business insurance as a commercial umbrella insurance policy, business auto insurance, workers’ compensation insurance, and commercial property insurance, just to name a few.
If you are in the Fort Myers, Florida area, you’ll find that our knowledgeable insurance agents here at Mr. Auto Insurance are exactly the partners you need to cover the bases with your new business. We can help you with small business packages that provide the financial protection you need so you can focus on starting and growing your business. Contact us today to learn more about how we can be a valuable contributor to your business plan.