Assessing Your Risks For Commercial Insurance

When buying commercial insurance for your Green Valley, AZ business, it comes down to a few basic questions:

• What do you need to protect
• What protections are required by local, state and federal regulation, and
• How much can you cover out of pocket

When assessing risk, most business owners will immediately be thinking along the lines of the property. Certainly, you want to be protected against theft, vandalism and other damages. But the big risk for business owners is a liability.

A restaurant can replace a microwave or blender damaged in a small fire, but the costs involved in a lawsuit should someone be injured on your property or by one of your products can sink a thriving business.

Computer security is another big risk that many business owners neglect to consider. Running a business from a laptop or with a network of remote freelancers is certainly an option in this day and age, but just because you don’t have a physical store doesn’t mean that you have nothing at risk. A breach of customers’ private data owing to cybercrime or simple negligence can be a catastrophically expensive problem to correct.

Your unique risks come down to the nature of your business, and whether you manage a hundred employees or it’s just you, there’s always going to be something that you need to consider.

If you want to get covered on a policy that works for you, that covers your business’ risks, get in touch with Insurance Center of Green Valley and we’ll help to get you set up with an insurance plan that will cover everything you’ve worked so hard to build.