The Dangers of “Going Bare” on Business Insurance
Often times, especially in these tough economic times, businesses have to make decisions about how their money is spent and what they have to have versus what is a nice to have. Unfortunately, many businesses think business insurance is a “nice to have” instead of something that is a necessity for sound business practice.
Regardless what they do or their size, businesses make decisions that affect how they are covered. There are many factors that go into choices about what needs to be protected, such as:
Buildings
Machinery
Equipment
Business Furnishings
Vehicles
Inventory
and other assets
Besides physical assets, companies have to make coverage decisions to protect themselves against loss that involve injury and damage they cause to others when they arise from their business operations. (more…)