Starting and maintaining a small business is a learning curve for many company owners. There are always going to be challenges to face and hurdles to overcome. Employees might get hurt or sick while working, or there might be injuries or property damage incidents that involve customers.
Protecting your small business premises from extreme weather events, fire, or criminal activity can also contribute to costs that quickly stack up.
Business owners aren't always aware of the different types or levels of business insurance they need to shield themselves from the financial ramifications of these types of events. In some cases, they leave their financial protection to chance, which is never a good idea.
Even if you put 100% effort into keeping everything and everyone safe, accidents and emergencies can still occur. When they do, dealing with them is not only costly, but it can also be time-consuming.
Thankfully, small business coverage is easy to obtain when you trust a reputable company like biBerk. As part of the Berkshire Hathaway Insurance Group, they have worked hard for several years to ensure businesses have the right level of protection and have earned a reputation as a reliable and responsive insurance provider.
Here, we’ll introduce the company and explain the types of small business insurance they offer. We’ll also outline why companies need to have the right level of protection and the best way to go about securing coverage.
Small business insurance policies
There are many insurance policy options out there from a wide range of providers. One common method of insuring small businesses is to offer a single blanket policy that covers all the risks a company might face. For many businesses, this works well and provides an adequate solution for their insurance needs.
biBerk takes a different approach. They provide several different options that cover businesses, wherever they are in the U.S. For example, if you own a company in Detroit, Lansing, or Grand Rapids, you can check the small business insurance options in Michigan and choose the policies that meet your needs.
For instance, one of the coverages companies most often buy from biBerk is workers’ compensation insurance. Often referred to as workers’ comp, it’s an important policy for businesses (and also for 1099 independent contractors) as it typically is required for companies with employees and covers medical bills and lost wages for employees who are hurt in on-the-job incidents.
However, biBerk offers so much more for small companies looking for business insurance, such as business owner policies (BOPs) that combine property and liability coverage. They also offer comprehensive cyber insurance policies, which, in today’s business landscape, should always be a priority. Picking and choosing just the policies you need can keep your costs lower. That’s essential if you’re a small business with a tight budget.
Curating your own bespoke insurance portfolio is a smart way to get the best protection for your small business, and there are many policies to choose from. It’s also important to understand what you don’t need in terms of coverage, so you can avoid unnecessary financial outlay.
As an example, if your company doesn’t own cars or vehicles, commercial auto insurance won’t be required. Small business owners may also feel they have sufficient policy limits and, consequently, don’t need a commercial umbrella insurance policy. So, it’s important to understand all the risks your business faces and get the policies that align with your needs and finances.
Protect your small business simply and conveniently
Selecting the right small business insurance policies is easy when you choose biBerk. Information on all the insurance options the company offers is available online, so you can browse, pick, and purchase at your leisure. It’s a simple process that’s very convenient and designed with a busy business owner’s schedule in mind.
Policies are available for immediate purchase, and, in most cases, coverage is active within 24 hours, making it speedy to secure policies and protect your company. If you have questions about your policies, there are helpful and friendly licensed insurance experts available to chat with. They can ensure you understand every aspect of your coverage.
Small business owners can also benefit from getting instant quotes online before they commit to purchasing insurance. It’s a convenient capability, as it helps with budgeting and deciding which policies offer the necessary coverage at the best price. After all, biBerk knows that small businesses want to hang on to as much of their hard-earned cash as possible.
Insurance costs for small businesses vary from year to year, based on things like the types of policies and number of employees. With every renewal, it’s a good idea to reassess your needs and see if you need to modify your insurance strategy.
The team at biBerk understands all that and makes their rates as affordable and competitive as possible. They also don’t use agents or brokers, which keeps costs at a sensible level.
Policies To Cover Small Businesses
Running a small business is a day-to-day challenge, and company owners have a lot to deal with. Worrying about accidents, injuries, or weather events doesn’t need to be one of them if you have the right coverage from a great provider.
Although biBerk can’t wave a magic wand and prevent unexpected events from occurring, what they can do is provide help, support, and rock-solid business insurance policies that deliver peace of mind so that small businesses can continue to move forward should the worst happen.
With many years in the industry, biBerk knows a thing or two about how to protect companies, with excellent policies at cost-effective price points. When you purchase from biBerk, confidence is built into your coverage as you know they’ll be with you every step of the way.
