Nowell Agency, Inc. > Insurance News > How Business Insurance in Memphis, TN Helps Your Bottom Line

How Business Insurance in Memphis, TN Helps Your Bottom Line

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Protecting your business investment with insurance is a critical part of owning a business. It minimizes the risks associated with unexpected events, including liabilities and losses. As with all types of insurance, knowing and finding the best insurance for your needs is no easy job. It helps to be cognizant of the fact that business insurance in Memphis, TN can help your bottom line in many ways. Whether you are just starting a business, or taking on employees for the first time, or evolving your business structure, there are many variables to consider. Let’s look at the main ones:

1. General Liability Protects Business Earnings
This insurance broadly covers the business and protects you from the legal hassles associated with accidents, injuries, and claims of negligence. With this coverage in place, your business’ earnings are safe if a lawsuit claim goes against you. The insurance coverage will pay the liability claim instead of you diverting your business earnings to pay the debt.

2. Commercial Property Insurance Protects your Savings
This coverage protects your business savings in the event of a loss due to a wide variety of disasters, including smoke, fire, severe weather, vandalism, etc. If your business property is damaged, and that loss results in lost income, business interruption, and the need to replace items, buildings, computers, documents, etc., the insurance coverage will pay. You won’t have to drain your business savings to cover the loss.

3. Home-Based Business Coverage Protects your Home
The typical homeowner’s insurance policy does not cover home-based business losses. In some cases, you can add on certain property damage riders to your homeowner’s policy. It is best, however, to purchase an additional policy to cover those risks, especially for general and professional liability which can’t be covered by your homeowner’s policy. If you have a home-based business, protecting the business assets separately from your home assets can help you save money when a loss occurs.

Business insurance is a tricky topic because there are such a wide variety of insurance policies available. Working with an experienced business insurance broker means having someone to help you navigate the options and choose the coverage you need.

Call The Nowell Agency Inc. at (888) 539-6218 to talk about business insurance in Memphis, TN. You can also request a business insurance quote online.

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    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.

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