BUSINESS STRATEGY & GROWTH • November 22, 2013
1 minute Read
Every industry is unique. Nothing in the world of small business absolutely covers the needs found in all industries, especially insurance policies.
The insurance industry has developed coverage aimed at industry-specific situations, such as liquor liability coverage for restaurants or hired vehicle coverage for the utility and repair industries. It is important that you are aware of how each type of available coverage pertains to you and your company.
Some common specialized insurance policies include:
Specialty insurance protects your business from random occurrences that may not fall under your general liability coverage. As more industries flourish, insurance companies are finding it necessary to develop new policies designed for specialized equipment and services. Ask your insurance agent if any of these specialized policies apply to you. Work with your agent to build a package designed to optimize your coverage while saving you money in premiums. Spending a little time researching different plans or discussing your business’ interests with your agent is well worth the savings you might find.
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