Being an owner of a small business places you in control of your destiny; however, there are major expenses that go with being the owner. With office rent, licenses, and employee payroll to handle already, a few aspiring entrepreneurs shrug the idea off of buying business insurance in the start-up stage. Why be concerned with a “what-if” situation when you have more tangible costs to think about, right? However, obstacles on the job occur all the time. And once you are the boss, you are the one who is left holding the bag once things inevitably go off course. Put plainly, safeguarding your business with an insurance program outweighs the expenses of any disaster. Below we list 3 reasons why small business owners ought to have a coverage program in place.

If you wish to avail Business Insurance in Doylestown, get in touch with Steely & Smith Insurance right away and call us at (215) 345-9410.

Keep business running during an interruption

Beyond the immediate expenses of replacements or repairs, you also must ensure that theft, fire or water damage does not derail your start-up’s daily activity. Every minute you are out of business is a financial setback, so a business interruption coverage program will assist in shouldering the load of operating costs such as staff wages and rent, while additionally covering the expenses of profits lost. If you have experienced extreme property damage, interruption coverage also can help with the relocation expenses while your workplace goes through repairs.

Protect property from disasters

Commercial property insurance offers protection for your workplace, from the structure itself to the items inside. That means you are protected from damage at the hands of a disaster like water or fire damage that results from a burst pipe. In the instance of a break-in, property insurance also may assist in taking the sting out of required security upgrades and building repairs, and will help with the expense of replacing stolen goods or equipment.

Wards off cyber crime

Property theft is one concern for businesses. What most do not think about is that a company’s online presence may be just as susceptible to thieves as the office space. Sneaky cyber attacks might uncover confidential data, possibly placing the personal information and finances of your clients––as well as your company––at risk. Privacy breach coverage will help get you back in business sooner by recovering remediation costs, business legal expenses and business interruption loss.

For more questions about our Business Insurance in Doylestown contact Steely & Smith Insurance today at (215) 345-9410.