Business Owner Insurance

Business owner speaking to staff in conference room.

If you own or manage a small business, you’re no doubt aware that you need workman’s compensation and some liability coverage to stay on the right side of the law. However, a good business insurance portfolio virtually always needs to include much more than these basics.

What is business insurance?

Business insurance is a broad term that includes all the various types of insurance that a small business needs. Every company’s needs are unique. In addition to the insurance that is mandated by law, you may need insurance for company vehicles, insurance to protect your building against theft and natural disasters, insurance to protect you against errors and omissions by your employees and life insurance on your key employees to give you funds to help find, hire and train a replacement and to keep the business running while you search.

The risks of not having business insurance

It’s not overdramatizing the situation to say if you skimp on your business insurance, you may find yourself out of business. It’s impossible to plan for the unexpected without insurance. A slip and fall accident on your front sidewalk could turn into a lawsuit that swipes out all of your hard-earned cash reserves…and then some. A flood, hurricane or tornado could cause thousands of dollars of damage to your building and cause your business to have to cease operations while repairs are being made. Such a disaster could also cause you to lose precious company and customer information.

Why the Perry Insurance Group?

At The Perry Insurance Group, we sit down with you and evaluate your insurance needs. After we have a good feel for your business and you as a business owner, we’ll help you put together a portfolio that addresses all of your needs without your having to pay for coverage you’re not likely to use. To learn more about what combination business insurance coverages are right as a business owner and your company, and to schedule a free business insurance review, contact our professional commercial insurance team at (803) 808-2886. The Perry Insurance Group has been helping Midlands area business owners for more than 30 years. We have four locations to best serve you and are also licensed in North Carolina, Tennessee, Ohio, Texas, Kentucky, Michigan and Virginia.