Starting a business in Orleans, IN requires forward planning, market and industry research, a great location, and the proper equipment. Amidst your business plan writing and leasing office space, you also need to obtain the appropriate commercial insurance from Busick Insurance Agency LLC to protect your business and your investments.
Buying business insurance does not work like buying home or auto insurance. Those types offer one choice, but the selection of commercial insurance types ranges from the liability policy every business needs to specialty policies like E&O, malpractice, and glass insurance.
Meeting with your insurance agent provides the simplest way to know what coverage your business needs. They can review your business plan with you and go over the massive number of possible policies available. The potential policy types include:
- Business owners’ bundle which combines the four most common policy types,
- Boiler and machinery also called equipment breakdown,
- Business interruption,
- Commercial auto,
- Construction, also called builders’ risk,
- Crime,
- Debris removal,
- Errors and omissions (E & O),
- Glass,
- Inland marine,
- Professional liability also called malpractice,
- Officers’ and directors’ liability policy,
- Law or ordinance,
- Tenant’s policy.
Carrying the appropriate business coverages reduces your business risk. That only works if you purchase the right policies though. A doctor would not reduce their business risk by purchasing an inland marine policy, just as a dry-cleaning business would not reduce its business risk by purchasing a malpractice policy it did not need.
Stop by today or call Busick Insurance Agency LLC serving Orleans, IN. We can help you learn how to reduce your business risk with the right combination of policies. We can also assist you in determining the amount of coverage you need to appropriately address business risk.