How to Find the Perfect Insurance Coverage for Your Business Size

The size of the business is an element that many business owners tend to neglect when thinking about insurance coverage. The size of a business can refer to the number of employees or the amount of sales made during the year. Let’s take a look at the various ways to look at size within a business and how it affects your choices in insurance.

Schumacher Insurance

Source: Free Digital Photos

Home-Based Business

Many of the world’s most successful corporations started with a simple dream in the spare bedroom at home. A home-based business may start off with only one or even a handful of employees. Many small business owners make the mistake of believing that their homeowner’s insurance is enough to cover them. Talk to an agent about your specific needs as a home-based business.

Small Business

A small business generally has less than 50 employees and makes less than a few million dollars per year. Ask your insurance agent about a Business Owners Policy, or BOP, to protect you and your business from common risks.

Medium-Sized Business

A medium-sized business may have 50 to 1000 employees and have a revenue of less than $5 million. Insurance for this size business may include property and liability coverage with special consideration for businesses with multiple locations and/or special equipment.

Large Business

Large businesses have more than 500 employees with a variation in its annual revenue. These businesses often have million dollar risks, thus their insurance needs are customized to suit their needs.

No matter the size of your business, it is important that all businesses find the coverage that is suitable for your needs. Please contact one of our insurance agents to learn how we can support you in making one of the best business decisions you can ever make.

Advertisements

About Schumacher Insurance Agency

Why trust us? What do we do different than every other insurance agency? Consider this an invitation to get to know us. We believe we are an exceptional team of protection specialists that work hard to do things the right way, to educate our clients on insurance, and make the experience effortless. We are excited to introduce a new insurance experience for our customers. We encourage you to speak with our team who can show you how different we are… from text messaging services for late payments to educational insurance concepts on Facebook. We will prove our innovative approaches to obtain the proper coverage’s for you, your family, your business. Insurance is likely not the most interesting affair for everyone, but it is most certainly ours! Yes, we are insurance geeks!

Posted on July 24, 2015, in Agency, Uncategorized. Bookmark the permalink. Leave a comment.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: