How to Select Small Business Insurance
Seeking out the best small business insurance plan probably isn’t going to be the first thing on your checklist if you are planning on starting a new company or expanding your current operation. Chances are your wheels are spinning with a hundred other equally important tasks. But selecting a broker who can help you get the right coverage in place can help you save money and take some of that stress off of your plate.
At DPM Insurance Group, we love assisting small business owners – whether they are expanding their services, buying a new company vehicle or reopening at full capacity for the first time since the pandemic.
Times of change are also a great opportunity to re-evaluate your small business insurance to make sure you are getting the best coverage for the best price.
Some people buy insurance for a small business once and never think about it again. This is a common mistake among small business owners. Renewing the same policy year after year without speaking to your broker could mean your protection plan has become outdated. As your company grows and evolves, your coverage needs will also change.
You may need to buy or update your business insurance if you:
- Start a new company
- Open a new location
- Buy a company vehicle or expand your fleet
- Hire staff or contractors
- Expand your services
- Are unhappy with your current carrier
Having the right protection in place should be a key part of your business plan. Understandably, there are a lot of moving pieces to keep track of. But the most important reason to plan ahead and reach out to your broker is this: Your insurance broker can find you a competitive rate and help you save money.
Not sure what policy your business needs? Some of the most common types of insurance for small business owners are general liability insurance, property insurance, and commercial auto insurance. Your specific needs will depend on the industry your company operates in. Reach out to one of DPM’s brokers or CSRs to set up a consultation about insurance for small business owners.
Every company has its own unique risks and challenges. That’s why your coverage should be tailored to your business. An experienced broker will be able to tailor a small business insurance plan for any operation, from contractors and restaurants to clothing boutiques and more.
If you don’t already know a broker who sells insurance for small businesses, it is important to find someone you can trust – someone who takes the time to get to know your company, along with your future goals and priorities. An independent broker has the ability to get quotes from multiple insurance carriers with different limits and deductibles. This means you have more options to choose from.
Your broker knows better than anyone how to save money on small business insurance and there are specific discounts you may be able to take advantage of.
DPM Insurance Group is passionate about supporting local companies and small business owners. After all, each of our six offices are locally owned, small businesses too. We understand the unique challenges our clients face and have the expertise to help.
For more information, click here for contact information for all of DPM Insurance Groups six locations in Windsor-Essex and Chatham-Kent: https://dpmins.com/locations/