Nowell Agency, Inc. > Insurance News > Avoid These Pitfalls with Adequate Business Insurance Coverage

Avoid These Pitfalls with Adequate Business Insurance Coverage

Since the advent of the Internet, the world has become a smaller place. The conveniences cannot be denied. A quick click of the mouse on sites like Amazon and eBay can bring anything you need to your front door. You can buy a car online. You can even purchase insurance without leaving your seat.

The internet brings the world right into your home. However, not everything should be bought without consulting experts and conducting thorough research. Buying business insurance, for example, should not be left to chance. Do you know how much coverage you need to protect all your employees? What kind of policy should you get for your commercial vehicles? Get deeper insights and all the help you need when you talk with an experienced broker from The Nowell Agency. We understand the needs of firms across a variety of industries. We will get you a custom designed policy to secure your operation for complete peace of mind.

Pitfalls to Avoid When Shopping for Policies

Ensure your establishment keeps running smoothly when disaster strikes. It only takes one lawsuit to bring it down. If you are going to shop online for policies, be sure to keep these pitfalls in mind:

  • Shopping on Price Alone: Premiums can vary from one insurer to another. However, so can the coverage. Remember, you get what you pay for, so be sure you understand what the policy covers before you plunk down your money.
  • Insufficient Property Insurance: It is essential to have enough protection for your commercial property. You might think you have sufficient coverage, but if disaster strikes, will you be able to rebuild? An experienced broker can guide you at such times.
  • Insufficient Liability Limits: You never can tell who may sue. If you do not have a high enough limit, you may not be able to pay damages in full if you go to court.
  • Failure to Change Coverage as Business Evolves: Anytime you hire more employees or buy a new property, your company’s coverages should adjust to protect the new additions, or you may end up underinsured.
  • Failure to Read Your Policies: Reading all that black and white text can be daunting. However, full comprehension of what is and is not covered can make or break your business. A good agent can break down the details and explain them to you properly.
  • Insufficient Protection in case of Income Loss: It is wise to insure material assets but remember to obtain coverage for unexpected loss of income too. For example, if a fire damages your structure, you need to plan ahead to cover your rebuilding expenses without breaking the bank.

Work with a Knowledgeable Broker for All Your Business Insurance Needs

Avoid gambling your company’s security with a few clicks. Protect your establishment with the right type and amount of coverage when you talk with an expert. At The Nowell Agency, our brokers understand the nuances of different industries. We listen to your needs and custom design a portfolio to protect your corporation and your employees.

Request an insurance quote online or call one of our offices near you to schedule a meeting with a knowledgeable and experienced broker at The Nowell Agency to discuss further.


The Nowell Agency is committed to providing you with fast and efficient service. If you would like a quote on any of our products please complete the short form below and click submit.

Get A Quote Form



    The Nowell Agency has been my primary agent for many years and they are attentive, well-staffed, and easy to talk to. Their agency has helped me through state to state moves and career change and kept my assets covered.

    James G.

    My very first insurance experience was when I bought my first house and I called the Nowell agency for a quote. I had no idea what I needed or how much and they were so very kind and knowledgeable and explained everything to me in detail which I so much appreciated. That has been 4 years ago and im still a customer never plan to leave.

    Ashleigh D.

    I have been very pleased with the quick and professional service by the Nowell agency. My agent was very efficient at locating a policy that met my needs and budget. Thank you to Kristy and the Nowell agency for providing me with fantastic customer service. I highly recommend this agency. You will not be disappointed.

    Tripp W.


    cheap cyber insurance near me

    Cybersecurity Tips for Online Shopping 


    December 08, 2022

    It’s the most wonderful time of the year to shop for your loved ones and the ever-increasing trend is online shopping. However, it’s important to remember that online holiday shopping can also expose your data to potential cyber threats. Experian reports that 43% of identity thefts occur while holiday shopping online. Thankfully, there are steps […]

    6 Tips for Saving Money on Teen Auto Insurance 


    November 19, 2022

    As the teenage years approach, parents across Amer...

    How to Prepare for a Recession: 5 Tips for Small Businesses


    November 19, 2022

    The U.S. annual inflation rate just reached a 40-y...