Starting a new business means you have a list of tasks on hand, many of them quite challenging. From picking the right business structure to funding your idea to buying insurance, you have your hands full. Before you officially open your doors, you should consult with an insurance broker in Little Rock, Arkansas to make sure your hard work is protected and delivers the profits you deserve.
There are many types of business insurance policies—which one is right for your business?
An Insurance Broker in Little Rock, Arkansas Can Help
A small business that does not have employees may be exempt from certain types of liabilities, but insurance coverage is essential. An insurance broker will evaluate your business, products and services, and help identify what types of coverage you need, getting your business off to the right start. If you are still unsure whether you can just buy insurance online or if you should consult an insurance broker, think about this:
- Addresses Coverage Concerns – An insurance broker will listen to any coverage concerns you may have, as well as look at county and state insurance requirements. If you have employees, you may need products like unemployment insurance, workers’ compensation, disability insurance, and health insurance.
- Assesses Liability – Even a small business faces risk and liability. Depending on the industry you are operating in, you may have a higher or lower liability risk. An insurance broker assesses your company’s potential liability and can suggest the types of coverage you need. For example, you may require professional liability, especially if you are at risk for malpractice claims. If you are selling products, you may want product liability coverage.
- Evaluates Additional Coverage Options – Your broker will then see if you need any customized solutions. These can range from loss of income insurance to commercial vehicle insurance, agri-business insurance, contractor insurance, etc.
- Better Policies, Better Rates – When you shop for insurance on your own, you may not find the best policies or rates to suit your startup business needs. An insurance broker will compare multiple carriers and their policies and find one that not only protects you, but fits within your small business budget.
An insurance broker in Little Rock, Arkansas is a valuable advisor to your small business. From ensuring you do not under-protect yourself to helping you find a custom solution for your unique business, you will benefit from consulting an insurance expert.
Call The Nowell Agency Inc. at our Arkansas Call Center (888) 824-1785 to learn more about small business insurance coverage or request a quote for coverage online.