What Insurance Do You Need for Your Business?

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How to Get Insurance for Your Business

What Insurance Do You Need for Your Business If you’re starting a small business, you probably know what it’s like to work long hours. In fact, you may even feel frazzled from time to time as you work to bring your idea into the world. If you find yourself in this position, you shouldn’t let your full workload delay you in protecting your budding business.
 
Getting business insurance is a necessary step you must take well before you open your doors for business. This insurance is necessary before you even buy equipment or inventory. It doesn’t matter if your company is based inside or outside your home. As soon as you start your small business, you’ll want to consider getting seguro de negocio. It’s plain and simple.
 

Reasons to Get Business Insurance

The Hartford is here to help protect businesses, like yours, from financial losses caused by property and income risks. Covered risks include:
 
  • Robo
  • Damage
  • Lawsuits
Getting insurance from The Hartford is easy. We offer insurance for businesses also known as commercial business insurance. This can help cover injured workers’ lost wages and help provide access to programs that get them back to work. If you are not sure what type of business insurance you need, or how to obtain business insurance, talk with The Hartford today. Our agents will help you learn more about the reasons to get business insurance.
 
Here are five reasons you should get commercial insurance before you get your new business up and running:
 

1. Avoid Rushing to Get Covered

Every business is unique, which means insurance needs can vary. For instance, the owner of a small home-based business with little equipment may need only general liability insurance. In comparison, an entrepreneur opening a retail shop would likely need a business owner’s policy. These policies combine business liability and business property insurance into one package. It’s also important to consider other variables, such as whether you plan to hire employees or use commercial vehicles. These variables would result in needing a commercial auto insurance policy.
 
Waiting until the last minute to shop for coverage for your business can leave you scrambling to find the right policy. Therefore, setting it up on time is crucial. The last thing you want opening day is an accident that isn’t covered. All the money you’ve been pouring into your small business should not have to be diverted to someone’s hospital bills.
 

2. Gain Peace of Mind

If you put off obtaining coverage it can take your focus off starting and growing your small business. When locking up every night, you have more things to worry about than just your inventory. From bills to taxes, to employees and everything in between. Don’t let calling The Hartford to discuss a business insurance policy hold up your success. Stop worrying about loss and start thinking about gain.
 

3. Be Qualified to Rent Space

If you plan to rent commercial space for your business, your landlord will likely require you to show proof of liability insurance. That means you’ll want to act fast in getting coverage. If you wait, that perfect storefront or office you’ve had your eye on could go to another business that’s insured.
 
Landlords want to make sure they’re protected too. Commercial general liability insurance provides broad protection to help get businesses back up and running. This coverage helps cover you in the event of fire, lightning or other covered disasters.
 
At The Hartford, we offer flexible insurance options that help you tailor your commercial general liability insurance policy to fit your needs. This helps you address the unique risks your business faces. It also helps you adjust your coverage as your business needs change.
 

4. Protect Your Assets

As a small business owner, you’ll need to purchase even basic equipment. This includes laptops, copy machines, phones and office furniture. Protect your investment and the tools that help your business run by making sure you have commercial property insurance coverage. Some business owners who start out working from home mistakenly assume their home insurance would cover a loss. However, business equipment coverage is typically limited to a few thousand dollars. Secure coverage before you start buying equipment and inventory. This will ultimately set you and your business up for success.
 

5. Look Out for Liability

As the owner of a startup, you’ll meet with potential collaborators or mentors. You’ll maybe even take deliveries at your new office or welcome your first customers. All of these activities expose you to liability. For example, the delivery driver dropping off flowers for your grand opening could trip on your walkway. Make sure you have small business liability coverage in place before you start operating.
 

6. Plan for the Unexpected

Your business could temporarily be derailed at any time. For example, say you own a brick-and-mortar store and a disaster forces you to close temporarily. This interruption in business doesn’t stop the bills from coming in. Your business income insurance can help cover your rent and other expenses until you can open again.
 
In another example, say a tornado recently ripped through Louisiana, forcing sections of the city to close. The roof of your business ends up being ripped off from the extreme weather. Your business income insurance can help you to continue to pay your landlord and employees while repairs take place.
 
For the reasons stated above, it’s important for an entrepreneur to get business insurance early in the process of embarking on a new venture. Once you’re covered, you can actually get down to business.
 

Get Insurance for Your Business From The Hartford

How to Get Insurance for Your Business The Hartford insurance company prides itself on helping our customers prevail through the unexpected. As one of the most trusted names in insurance today, we’ve been recognized as a World’s Most Ethical Company® 10 times by The Ethisphere Institute.
 
Contact The Hartford today at 855-829-1683 o get a quote today online and learn how we can help protect you and your business from whatever life throws your way.
 
Certain coverages vary by state and may not be available to all businesses. All Hartford coverages and services described on this page may be offered by one or more of the property and casualty insurance company subsidiaries of The Hartford Financial Services Group, Inc. In TX, this insurance is written by Sentinel Insurance Company, Ltd., Hartford Casualty Insurance Company, Hartford Lloyd’s Insurance Company, Property and Casualty Insurance Company of Hartford, Hartford Underwriters Insurance Company, Twin City Fire Insurance Company, Hartford Accident and Indemnity Company and Hartford Fire Insurance Company. In CA by Sentinel Insurance Company, Ltd. (CA license # 8701) and its property and casualty insurance company affiliates, One Hartford Plaza, Hartford, CT 06155.
 
The Hartford® is The Hartford Financial Services Group, Inc. and its property and casualty subsidiaries, including issuing company, Hartford Fire Insurance Company. Its headquarters is in Hartford, CT.