Is your small business “fire proof”?

OK perhaps nobody’s business is fire proof in the fullest sense of the expression, as in you will never have a fire. But are you prepared for the worst with the appropriate insurance coverage you should fully weather any potential surprise, in terms of having right business insurance protection?

Of course, if you own a business, you have some form of commercial general liability insurance. Unless you are the sole manager and you’re managing the company out of your studio apartment, in that case, I suppose you don’t have any liability insurance.

But in most companies today, you can not run without some form of business insurance. Many people are getting specific insurance plan from bonding insurance to directors and officers insurance and much more including insurance policies that protects gaps in insurance coverage like commercial umbrella insurance.

A lot of company owners have wound up learning their lessons the hard way and realizing they didn't have the protection they hoped and assumed they had. Sadly , sometimes you simply become a knowledgeable expert after the fact, when a fire has occured and you make a claim only to find there are exclusions or exceptions and you dont have insurance coverage resulting from x, y and z. This may be harmful on a company and it is vital to find out early. So become knowledgeable and review everything!