Whether you’re an entrepreneur starting your very first business or you’ve been in business for decades, one of the most important things to think about is your commercial insurance. It could mean the difference between keeping your business on course to success, or being forced to close your doors forever.
The main reason that commercial insurance is so important is the unknown. You never know when someone might slip and fall on the sidewalk outside your business. A sudden lawsuit from a disgruntled employee, vendor, or client can come out of left field. And an on-the-job injury can be devastating, both emotionally and financially.
Some businesses and industries are required to carry a certain amount of insurance, so it’s the companies that aren’t required to that should seriously consider it. If for no other reason than peace of mind.
The most common types of commercial insurance are property, which covers damages to your business property; liability, which covers damages to third parties; and workers' compensation, which covers on-the-job injuries to your employees.
While it may be tempting to slip by without commercial insurance, especially early on when money is tight, don’t tempt fate. Be sure your business is covered and it will be one less thing to worry about.
J.K. Olivieri Insurance Agency, Inc. is an independent insurance agency founded in 1979 which represents a number of major insurance companies. Our mission is to protect our clients’ financial future. We feel our role as an insurance agency is to assist our clients in selecting the best possible programs to fill their specific needs. In doing so, we shall research and present our clients with the best possible programs available at the best possible prices.