Just about every business owner understands how important having business insurance truly is. You’ve likely invested a lot of time and money in your business and its assets, but all of this can be taken away with a single fire or flood. Most owners think about natural disasters and theft when it comes to protecting their businesses, but there are other dangers you might have overlooked. The following are a few other reasons you should consider getting business insurance in Wichita KS.
Do you have employees who use company vehicles? Many businesses have delivery services that use company vehicles to drive around from customer to customer. You might already have regular auto insurance coverage to protect your vehicles in the event they’re damaged in an accident. However, your insurance coverage may not cover the valuable equipment inside of these vehicles. You’ll need business insurance in order to protect your vehicles’ contents.
You may also need business insurance in Wichita KS, if your business is in a rented space. When it comes to rental spaces, business owners spend lots of money in order to make vital improvements. Maybe there’s already a property insurance policy in place. Unfortunately, not all property insurance policies cover improvements that have been made to a property by tenants. Business insurance can protect you and the improvements you’ve made.
Maybe you’re an entrepreneur who works from home. Nowadays, a lot of business owners use their homes as a substitute for an office. That being said, you probably have a lot of business equipment at home as well. Who’ll cover your loss if this equipment is stolen? Many home insurance policies don’t cover damages related to business equipment. The Andy Woodward Insurance Agency can provide the business insurance you need to protect your assets at home.
These are just a few of the coverage problems you might have overlooked. Again, if you have company vehicles with added equipment, your auto insurance likely won’t cover damages related to theft. You need business insurance in order to cover your expensive equipment. You’ll also need business insurance if you’ve made improvements to a rental space. Lastly, if you’re running a business out of your home, make sure you have the right insurance coverage to protect your equipment and assets.
