Home businesses are one of the fastest-growing types of businesses. It’s understandable since not having to rent or buy a building helps keep the cost of doing business down. If you do most of your business at your clients’ or customers’ location, then a home business is probably the right choice. But what about insurance? Does your home and auto insurance give you adequate coverage for your home business? This is a question that we can answer for you. At Christensen Insurance Group in Sandy, UT, we have been helping the community for more than 60 years, and we understand what doing business in the area is all about.
Commercial auto insurance
If your business owns even one vehicle having a commercial auto insurance policy is the way to go. Your personal auto insurance can refuse to pay a claim when it happens while you are using your vehicle for business.
Commercial property insurance
Your home insurance policy may offer minimal coverage for your home business, but it won’t give you the coverage you need. Commercial property insurance will protect your customer records, office equipment, and any supplies you may have stored in your home.
Commercial liability insurance
Being sued is one of the biggest dangers that any business faces and home businesses are at risk. It could be as simple as someone being injured while visiting your home or as complex as a lawsuit about a service or product you provide.
Different home businesses will have different commercial insurance needs. It is important to have a trusted insurance agent to turn to for the latest information on state regulations relating to home businesses. Christensen Insurance Group in Sandy, UT has the experience to make sure your business is protected. You can reach us on the phone or in-person at our office to discuss your home business insurance needs.
Every business has its share of risks, some more than others due to their location. If your business is situated in an area prone to a natural disaster such as wildfire, blizzards, floods, etc., take time to prepare for these risks in advance. The following tips from Christensen Insurance Group can be helpful in protecting your small business in Sandy, UT against the risk of natural disasters.
Identify Disaster Risks in Your Business Area
Identify potential disaster risks in your business area and assess how these risks could affect your business, employees and customer base. Discuss emergency procedures you should take in the event of a disaster to protect your business and employees. Look for ways to protect your property, inventory, and equipment from weather based disasters to minimize your loss.
Create a Plan for Handling Disasters
You can’t prevent disasters from occurring but you can be prepared with a disaster recovery plan to help your company handle catastrophic events. Designate a team to be in charge of creating and executing this plan if and when the time comes. Divide responsibilities between team members so each person knows what their role is in a disaster. Make sure your employees know what to do in the event of a disaster and that they have an evacuation plan to keep them safe when disaster strikes.
Purchase Adequate Commercial Insurance Coverage
Make sure you have adequate commercial insurance to protect your business against a disaster. This includes sufficient liability, property damage and business interruption coverage to help you recover from disaster results. Review your policy regularly to ensure you’re covered for disasters common to your area and that this coverage is current with your business needs.
For more information about commercial insurance coverage to protect your small business against disasters, contact Christensen Insurance Group in Sandy, UT.