If you are starting your own business, there are several key tips that you’ll want to keep in mind when it comes to purchasing commercial insurance.
Remember that your home business also needs coverage.
First, remember that if you’re starting your small business in your home, you will still need commercial coverage.
Make sure your coverage is in line with state requirements.
Next, keep in mind that state requirements are different in every state, so make sure that you are aware of the commercial insurance requirements in your own home state.
Make sure you know who your employees are and what contractors are working for you.
There is a difference between hiring contractors who work as freelancers and do small projects for you and working with your own employees. Naturally, you will need to have worker’s compensation policies in place for your employees, but you’ll be treating “contractors” differently.
Keep an eye on your coverage as you grow as a business.
Finally, as your business continues to grow, make sure that you keep an eye on the coverage that you have. You’ll want to make sure that you update your coverage when you have more employees, different products and services, and different property.
Contact Epic Insurance for More Information
If you are a resident of Lees Summit MO or have a business there and are looking for commercial insurance, let Epic Insurance help you find a plan that will work for you. We proudly serve businesses and residents in and around Lees Summit, MO, and we’d love to locate a plan the fits all your needs. Find out more by giving us a call directly or stopping into our nearest office location at your convenience. We look forward to working with you!