Ask your insurance agent about your business coverage.

As a business owner, you are responsible for protecting your company, employees, customers, and other involved parties.  This is why it’s so important to have the right business insurance in place.  Not sure how to secure the right commercial coverage?  Then work with a trusted insurance agent and ask them these questions.

• What base policies do I need?

General liability, commercial property, and workers’ compensation are the most basic forms of business insurance.  However, your business will need more coverage than these base policies can offer.  Your coverage needs will differ depending on the type of business you operate and where your business is located.  So, speak to a qualified agent to ensure that you have the comprehensive commercial coverage that your business needs.

• When do I submit a claim?

Business owners may be tempted to file a claim for every issue that their company runs into.  However, filing too many claims will drive up the cost of your coverage.  To ensure that you aren’t going overboard on claims, only file claims for damage events that exceed the cost of your deductibles significantly.  Keep in mind that you should always file claims for the workers’ compensation and liability issues that your company runs into.

• How much does my coverage cost?

The cost of your commercial insurance is dependent on a variety of factors.  The type and amount of coverage that you have, the number of risks that you face, and the location of your business are just of few of the many factors that can affect the cost of your coverage.  To ensure that you aren’t overpaying for your coverage, make sure you compare quotes from several different insurance providers.  Additionally, ask your agent about ways to save.  Business owners can usually save on their insurance by increasing their deductibles and employing safety measures in their workplace.

These are some of the commercial insurance questions you should ask your agent.  Do you need further help with your business insurance?  If so, then contact the experts at Steve Wilk Insurance.  Check out our new office today at 310 S Main Street, Suite C, Lombard, IL 60148.