Are you planning to purchase commercial insurance? We offer commercial insurance at Twin Bridges Insurance Agency in Albany, NY. However, we advise our customers to follow the steps below in shopping for commercial insurance.
Start by assessing your risks
Remember, you’re purchasing commercial insurance to cover your business risks. So, you need to assess all your business risks. What exactly are your kinds of risks? The kind of business you do will determine your risks. Are you constantly on the road? Do you face the risk of accidents? Do you face litigation risk? Let us know your risks. We will help you decide on the best commercial insurance coverage for your business.
Compare the cost against coverage
We have different types of commercial insurance coverage and each of them differs in cost. We have observed that most business owners consider cost more. That’s why we will advise you not to consider only cost. Compare it against coverage. The more the coverage, the higher the cost.
If you base your choice on low cost, you could select a type of coverage that does not cover much of your business risks. And if the unthinkable happens, your business may not survive it.
Review your commercial insurance every year
We believe that your business will grow and expand with time. Unfortunately, the business expansion comes with extended liabilities. So, you need to re-assess your risks every year and also review your commercial insurance.
For instance, if you run a construction company and you had only one excavator at the time of purchasing your commercial insurance, if you purchase another excavator or any other heavy machinery, you must review your insurance because your existing insurance will not cover your new acquisition(s).
At Twin Bridges Insurance Agency in Albany, NY, we offer professional guidance to all our clients at no extra cost. So, you can contact us anytime or explore our website.