As your business grows and evolves, it’s time to update your business insurance in Hudson, NY.
Small business owners know that business insurance in Hudson, NY protects from financial hardships. But as a business increases in value, it’s important to make sure that it has enough insurance to protect the investment. Having adequate insurance plays a vital component in your business’s success or failure.
As a business owner, if you have reached certain milestones, it could be time to update your liability limits in your business insurance policy!
Have you opened a new location?
Whether you’re moving from a home-based business to your first commercial storefront or expanding to a second location, your property insurance needs are likely to change. From customers slipping on uneven flooring to accidentally breaking a client’s laptop, you may be held liable for expenses. General liability can help pay for damages, such as medical expenses and repairs so that your business keeps your funds secured.
Has your business become mobile?
If you’re on the move more, such as delivering products or catering events, you may need to purchase commercial auto insurance. Coverage offers comprehensive and collision coverage, which covers things like theft or damage to the car if it’s involved in a collision and liability coverage. Even if your employees use their own vehicles to drive on your company’s behalf, you’ll need non-owned auto liability coverage.
Have you hired more employees?
Employees help you to run your business, but a team can be a huge responsibility. You’re liable for their on-the-job injuries. Workers’ compensation insurance steps in to help with medical bills, replacement wages, and disability and death benefits.
Don’t leave your business exposed to situations that are easily protected. Visit the experts at Lofgren Agency to secure the right liability limits in your business insurance in Hudson, NY!