Small business owners want to protect their company, and perhaps the most effective method is through small business insurance. Since money is usually a concern for small businesses, most want to get as much bang for their buck as possible. Unfortunately, this means looking for cheap small business insurance, which frequently leads to problems.
When it comes to small business insurance, the cheapest policy is not always the best choice. Instead, cheap business insurance could wind up costing you a lot of money in the future.
Perhaps the biggest concern for small business owners is coverage. More often than not, if you pay less, you can expect less coverage. Be sure to compare policies, identifying what type of coverage is available for all scenarios. The cheap small business insurance is likely not going to provide the coverage you need.
Additionally, budget-rate small business insurance policies usually come with a high deductible. A lower monthly payment may not make up for the large liability when it comes time to make a claim. Dealing with a claim is a stressful process without the added anxiety of finding additional funds to cover the deductible.
What About Your Employees?
Your insurance coverage directly affects your employees. If your company’s health insurance doesn’t cover as much as employees expect it to, or Workers’ Comp isn’t providing the help needed, employees may move elsewhere to find better benefits. At the very least, your company may experience a decrease in workplace morale.
Cheap Small Business Insurance = Poor Customer Service
An insurance company is only as good as its dedication to its customers, and a business choosing to go the cheap route may wind up with poor service. Insurance policies and claims can be complicated and confusing. Having a representative dedicated to customer service to guide you will be well worth the extra money spent.
Post Insurance General Liability
You should always do your due diligence for the best insurance value for your insurance needs. More often than not, cheap small business insurance is not the best choice. Research coverage options and make a sound, informed decision before moving forward.
Small business insurance is vital to protecting the assets and obligations of your business. Post Insurance offers many types of affordable insurance, including small business insurance. Members of the Post team are also dedicated to serving you. In business since 1954, Post Insurance Services protects your business through its small business policies and much more.
For a free quote call us today at (800) 262-9998 or connect with us online.