If you own or operate a business, large or small, you know the importance of insurance to protect yourself against financial losses.What you might not know, however, is how to decide on the right amount of coverage for your business, or about the small changes that can make your business safer and lower your insurance premiums. This knowledge can make the difference between not being protected and truly having peace of mind.
Did you know that better safety measures such as adding automated alarm systems and installing better lighting could help you to lower your insurance premiums? A broker is qualified to advise you on how to make the most out of your insurance.
Businesses require insurance in order to:
- Protect their physical assets, the investmentst they've made in technology, equipment, etc.;
- Protect them from legal liabilities to third parties and to provide them with legal assistance and defense in the event of a lawsuit;
- Protect their financial balance sheets to give owners peace of mind. Knowing their physical assets can be replaced, and knowing lawsuits will be defended, provides stability to the balance sheet so that an owner is not vulnerable to having to self-insure;
- Finally, thanks to the peace of mind insurance provides, to reinvest profits into their businesses, employees or research, this in turn is good for the economy and health/welfare of any business.
It is our job to help you understand insurance. We can help you assess your business, identify the risks you are exposed to and make recommendations to protect your assets - employees, building, equipment, merchandise - in other words your bottom line.With our help, you can decide on the right type of coverage for your business, and with our advice you can make necessary changes so that your business has lower insurance risks.