When you own a business, it is essential that you protect it in every way you can. This begins with getting business insurance. There are a variety of different policies to get for your business, protecting everything from crimes to the property itself. It sometimes helps to have an agent, like Reinard Insurance Agency Inc, when choosing the right insurance policies, instead of trying to do it all on your own. Here are some reasons to consider using an agent when buying business insurance.
The Agent Knows What Your Business Needs
One benefit you get from going through an insurance agent instead of trying to find the policies on your own is that they will be able to tell you what your risks are and what policies you need. Agents work with all types of businesses, and they do their research. Give the agent as much information as you can about your business, and they will return with the best policies for you. You are not forced to choose all the business insurance policies they recommend, but it is a good place to start. An insurance agent will know when you are a business in need of commercial auto insurance or extra cyber-crime insurance.
They Can Help You Customize Your Policies
Some insurance policies for businesses are not stand-alone policies, but ones you can customize to fit your needs. For example, if you need commercial auto insurance, you can decide from many extra features and add-ons, depending on your risks. You may conduct business in an area where theft and vandalism is more common, or you may have truck drivers delivering products, so protecting the goods inside your trucks is important. You can also choose a business owner's policy (BOP), which is a package policy that requires adding different insurance policies to combine into one package deal. If you are a small or mid-size business, a BOP package is usually the way to go since you cover more bases within a reasonable cost. The agent can help you customize this for your individual needs.
They Become Long-Term Consultants
You probably know that you can have CPAs and lawyers on retainer, but did you know you can do something similar with your insurance needs as well? For instance, if you use one insurance agent, they cannot only help you set up your company's policies, they can help you set up health insurance and other policies for employees as well. Every time you have new needs or your business grows, you can go right back to that agent to update your policies or add new areas of coverage. An agent is also valuable as a long-term consultant because many are independent consultants and typically don't have loyalty to one company, meaning they can offer you a variety of policies. This long-term arrangement is great because the agent already knows you and your business, so you don't have to explain what you do all over again or struggle to figure out what insurance you need on your own.