Setting Up Your Small Business For Success October 3, 2022 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. Don’t forget to follow us on social media! This kind of information and more is just a click away. You can find us on Facebook, Instagram and LinkedIn.