Why You Need an Insurance Broker for Business Insurance

Leona and Marcus met Emad when they bought their first home. He arranged for their first home insurance policy and again when they bought their first car. Now he has bundled their home and auto insurance and they are happily saving money while enjoying their suburban lives. Leona and Marcus have always dreamed of owning a bakery and have recently decided to embark upon their first small business adventure. So when it came time to discuss business insurance, they turned to their Insurance Broker, Emad.

 

Insurance Brokers are licenced professionals who can offer you expert advice and opinions regarding your insurance needs. They can work with you to determine the best course of action for obtaining business insurance and can negotiate on your behalf.

 

Just like with home and auto insurance, anyone who owns and operates a business should hold business insurance. Businesses have assets; vehicles, office space, equipment, inventory and employees, all of which need to be protected.

 

There are many different types of business insurance for owners, including bodily injury and liquor liability insurance. For business property, there is: property insurance, contents insurance, business interruption insurance and vehicle insurance. For liability purposes, there is; general liability, product liability, professional liability insurance and cyber liability. With so many different types of insurance available, your Insurance Broker will take the time to evaluate your business and determine exactly which types of business insurance you need.

 

Your Insurance Broker will:

  • help you save time figuring out what types of insurance you and your business require;
  • help you save money by having access to a variety of insurance companies and linking together the precise policies you need at the best rates available; and
  • help you make sense of all of the different options available for business insurance;

 

Once your business insurance policy is in place, your Insurance Broker will work to ensure you and your business are covered in the ever-changing world of insurance.

 

Do you have questions on this article or about insurance in general?

Contact Rizk Insurance today and we’ll help answer any inquiries you may have.

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