How to Prepare Your Business for Buying Commercial Insurance

Whether you’re starting a new business in Johnstown, PA or shopping a different policy, it’s important to know the current facts about your company to get the right coverage that protects your assets. Here’s three tips from Asset Planning Insurance Agency LLC to help simplify the process of shopping insurance. 

1. Determine Your Risks

Does your business have adequate worker’s compensation for your staff size? Will you need liability coverage for your products, personnel, or both? And if so, how much? Find out what types of risks your business is likely to run into that you plan for the insurance to cover. Ensure that everything on your property is compliant with safety laws and regulations. Consider additional policies and riders as needed. A business owner’s policy can help bundle several riders into one policy.

2. Find a Reputed Agent

Insurance companies may try to sell you extra products, but independent agents are motivated to help you find the insurance your business needs. Asset Planning Insurance Agency LLC has the expertise to help you find the right products for your company and guide you through the process from start to finish. 

3. Review Your Policy Each Year

Prices can change depending on the product, rate changes, and which insurance company you buy from. Make sure you shop around periodically to get the best savings. Your business may also be eligible for policy discounts if certain qualifications are met to reduce liability and safety risks. Ask your insurance agent for more details. 

Your Trusted Partner in Commercial Insurance

Not sure where to begin? No problem. Contact our knowledgeable staff today for all your questions about commercial insurance in the Johnstown, PA area. We look forward to assisting you!