Your small business is not just your livelihood, but also your future. If an unforeseen disaster hit it, would you be able to recover on your own? Commercial insurance can protect your enterprise from the unexpected, allowing you to recoup your losses and move forward. At Spracklen Insurance Services, we offer commercial insurance coverage to small businesses in Springfield, MO.
Reasons to Protect Your Small Business with Commercial Coverage
Today’s business owner faces many risks (theft, vandalism, natural disasters, etc.) that can cause financial loss. Commercial insurance helps cover these risks to prevent your business from going under. Here are some compelling reasons to purchase a commercial policy:
Protect Your Property
If your business relies on a building, equipment, or products to generate revenue, damage or loss of these assets could halt your business. Commercial property insurance protects these aspects of your business by providing financial backup to recoup your losses.
Care for Your Employees
Your workforce is one of your greatest assets. Through workers’ comp coverage, you protect them from accidents on the job. Worker’s comp helps pay for workplace injuries and loss of wages to make it easier for your workers to recover. It can help your business retain skilled workers over the long haul.
Requirement for Business Loans
Many lenders require that business owners have commercial coverage before approving a business loan. The same goes for individual contracts you may make with clients on your own.
Protection against Lawsuits
If you receive clients or customers on your business site, you’re liable for their safety. Commercial liability insurance protects your business against accidental injuries and the risk of a lawsuit if you’re sued for damages. Otherwise, you’d have to deal with the costs of a lawsuit on your own.
To learn more about commercial insurance policies, contact Spracklen Insurance Services, serving business owners in Springfield, MO.
