Setting Up Your Small Business For Success

With Small Business Saturday and the holidays rapidly approaching, many business owners are gearing up for a busy season ahead. Running a company takes dedication and preparation, no matter your experience. One thing to set your business up for success is to make sure you have the right coverage.

Why is Commercial Insurance Important?

Every dollar counts when it comes to small businesses. For example, you can take every precaution possible, but when the unexpected strikes, it’s important that you have the right coverage. If you haven’t secured coverage, an unforeseen event can cause significant financial damage. The bills can add up fast without the right level of coverage for your business. The right policy could help save you money when accidents happen. Taking steps now means peace of mind for you and a helping hand from OKFB when life’s unexpected moments happen.

What Options are Available?

With commercial insurance, there are many policies that can help build out the best level of protection for you. Some common policies are ones that protect the business property and equipment you’ve invested in. Commercial property insurance and commercial auto policies are here so you can rest easy knowing these assets are protected in the event of an accident. 

There are also broader options to protect your business from things like expensive liability lawsuits. A commercial general liability policy can help mitigate the financial impact of a liability claim if there is injury or property damage to a third party in the course of your business. For some companies, commercial umbrella plans are a good option to provide an even higher level of financial protection and excess liability coverage. 

Plus, there are plans specifically designed for small businesses! A businessowners policy is tailored to the needs of small businesses like retail, restaurants, apartments, artisan contractors and more. For example, these policies combine different coverage types, fill in the gaps of traditional coverage, and can be custom-fit to your needs. No matter your business size or age, there’s a policy to protect what you’ve worked to build. 

We’re Here to Help

You’re the expert at your business, but you don’t have to be an expert at insurance to get the right level of protection for your company. If you have questions or concerns that you want to discuss, connect with your local OKFB agent today. If you have any insurance-specific questions, we would love to help you find the coverage that best meets your home, auto, commercial and life insurance needs.

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3 Reasons to Get Businessowners Policy

Hey guys! I’m Gary Winters, an OKFB Insurance agent in Custer County. Along with being an insurance agent, I serve on several committees for my church in Weatherford, OK. The joy I get teaching and helping others is incredibly rewarding. It’s also how I feel about having the privilege to protect and cover small businesses in Custer County, OK. There are an array of coverage options and features, and having been an agent for more than 30 years now, I have learned a thing or two about how to best help our Oklahoma businesses in their insurance needs.   

That being said, let me break down why and how the Businessowners Policy (BOP) could be a great fit for you.

1. BOP is Customizable

Because Commercial Insurance policies cover small and large businesses, a standard policy may include some features your small business does not need. The BOP on the other hand, includes coverage options that are necessary for an Oklahoman small business owner. Also, the coverage features can be customized into a policy that works best for you and your business. 

2. BOP Works Best for a Range of Small Businesses

From barbershops and convenience stores to restaurants and artisan contractors, there are lots of small businesses that can benefit greatly from a BOP. As an Oklahoman and insurance agent for OKFB for almost four decades, I understand Oklahoma’s business landscape. I can help in deciding what coverage options may be worth obtaining for your business. At OKFB Insurance, we want to provide business owners with the right, tailored insurance coverage.

3. BOP Could Offer a Lower Premium

Because BOP caters to small businesses and offers a customizable policy, the premium could be lower than a typical Commercial Insurance policy. Commercial Insurance policies can cover a lot, and your business may not need every piece of coverage. In selecting the coverage necessary for your business, your premium could decrease. Reach out to your agent to discuss options.

These are just a few reasons why the Businessowners Policy could be better for your business. At the end of the day, Oklahoma is my home, and I know it wouldn’t be what it is without the hardworking small business owners. At OKFB, we work hard to protect these prominent community businesses. Reach out to me or another local agent if you want to talk through anything or need to review your Businessowners or Commercial Insurance policy


-Gary Winters