Most Common Myths About Commercial Insurance

Operating your own business is a challenging task. It is also one of the most expensive investments in your life that will need special protection. The best way to protect your business, yourself as a business owner, and your employees are by getting a commercial insurance policy. However, choosing the right commercial insurance policy is not easy, especially when there are so many myths about it.  Here is a list of the most common misconceptions about life insurance prepared by Insurance Protection Specialists serving Flowood, MS:

Myth 1: Yo do not need commercial insurance for your home-based business

If you work from home and your office is in your house’s basement, it does not mean that you do not need business insurance to protect it. Your home as a building and all your personal belongings are covered by standard home insurance, but everything about your home-based business needs additional protection. 

Myth 2: A small business does not need commercial insurance

Your commercial insurance should not be based on your company’s size or the number of employees – it should be based on your exposure to risk. There are many different types of risks that you may face. It could be fire, theft, vandalism, etc. Every business, regardless of its size, is exposed to risks. Therefore, it is important to protect it with the help of insurance. 

Myth 3: General liability insurance covers everything

Many business owners see the word "general" and think it is a synonym for "everything." However, the truth is that general liability is the basic insurance that covers only a limited amount of risks. 

Now you know some of the most common myths about commercial insurance and will be able to make an informed decision by choosing the right policy. If you live in Flowood, MS, or any other surrounding town, do not hesitate to contact Insurance Protection Specialists. We will answer all your questions and help you find insurance based on your insurance needs and budget. 

Business Ownership: Planning For Commercial Insurance

As a business owner, you probably want well-experienced contacts available to help you as your company expands or offers additional services. Insurance Protection Specialists helps businesses with commercial insurance. Our insurance agency in Flowood, MS works with business owners through the planning process for coverage. Business owners can enjoy smart growth with the right planning. Our agents can discuss how commercial insurance can help with new hires, workers’ compensation, property insurance, business asset protection, and many other areas of business management with commercial insurance. You can contact our agency for more information and to discuss options for coverage.

With a smart focus on expansion efforts, successful companies often find ways to provide the best services or products. Customer satisfaction is vital for building a business and better managing a company’s growth. Working effectively with customers can help build a sales pipeline and improve word of mouth marketing efforts. This type of effective growth is scalable with services and products offered by a company. Planning for commercial insurance can be made simpler with a reliable staff that is ready to help you through your growth and expansion. 

Our town is proud of its thriving businesses. The owners of these companies are important to the community, and the residents are thankful for the additional services and products available. Promotions and marketing are also helpful for those wanting to know more about the types of businesses in the area. Insurance Protection Specialists in Flowood, MS can answer your questions about commercial insurance planning with your company growth. You can visit our office or give our agency a call today to discuss more about your business success or a new start-up company and how it can benefit from a policy. Let us help you get started with a quote.