Business Insurance Policies

Business Insurance Policies

When you are looking into business insurance policies for your company, you should seek the help of Policy Smart/CMR & Associates. Created in 1999, CMR & Associates was designed to help different companies—large and small—reach their fullest potential. We believe in entrepreneurs and business people, and are honored to serve our community, beyond, and worldwide. We can help your company reach its goals by assisting you when you are looking for insurance information, or a new broker that will best suit your needs. 

We work closely with you to determine what type of insurance makes sense so that you are required to do as little work as possible and focus on what is important. We know your time is valuable too. We take great pride in the services we offer, including our ability to help reduce costs, improve your coverage, and provide independent and objective advice. 

When it comes to company insurance, you can trust the team at Policy Smart/CMR & Associates to give you the help you need. For more information on how we can be there for you, please give our office a call. 

What business insurance tips do you recommend?

Every entrepreneur at one point in his or her life will need to start thinking about how to build a strong foundation for and safeguard their growing business. To preserve an idea, it is imperative that you have an insurance plan in place so you are covered if something unexpected happens. Without a safety net, there is so much to risk losing. Here are a few practical tips that our team is likely to suggest to business insurance clients:

Don’t Rely on Google
Many of us turn to our technological gadgets to obtain the information we seek. However, when it comes to your business needs such as insurance, we strongly discourage relying on google for answers to your questions. There is plenty of misinformation out there on the interweb, and you should not trust everything you read, especially if they are not reputable professionals.

Insurance is Cheaper Than You Think
When speaking with clients, we always make sure to mention that many insurance policies are affordable, and are in fact often cheaper than people realize. Whatever number you have in your mind right now about how much a quality insurance policy will cost, chances are, the actual number is much lower. Additionally, there may be opportunities for discounts if you are performing certain tasks for your business! We can let you know what discounts you may be eligible for, so do not be afraid to ask. 

Properly Cover Higher Limit Items
The advice of an agent from Policy Smart/CMR & Associates can be invaluable, as we may mention to not forget about protecting your more expensive items. In other words, you may have belongings which require higher limits in order to be covered sufficiently, such as a wedding ring, instruments, and electronics. Your friendly agent can advise you depending on your needs about adding coverage for items like these!

What do business insurance policies cover?

When we begin working with our clients, one of the first questions they may ask is what a business insurance plan does. Business policies for insurance can help business owners when there is an unforeseen or potentially harmful financial loss. This means if your company experiences theft, COVID-19 business interruption, employee accidents, or faces a lawsuit, the right policy can keep you covered and ensure your cash flow is intact. 

What should I consider when I am looking at business insurance policies?

There are many factors to consider when it comes to a business insurance policy for your company. We strongly believe that there is no one-size-fits-all when it comes to insurance because each of our clients is unique in what they specialize in and what their company’s needs will be. When you are looking at policies, you may want to consider:

  • The benefits of corporate casualty insurance
  • What kind of intellectual property you have
  • How many customers you have
  • How many employees you have in your company
  • What type of equipment/machinery your company has
  • The kind of work your company does
  • The financial security of each recommended insurance company

The Right Time to Get Business Insurance

You may be wondering when it is the right time to get business insurance. Some companies find that the best time to review their business policies is when they undertake any change or expansion, such as increasing their number of employees, moving their business to a new location, or offering new or different products. Whether you are just starting out with your business or have been in the field for many years already, we can offer guidance on how to make your business even more protected from unexpected events.

More Information From CMR & Associates

At Policy Smart/CMR & Associates, we believe that you should not have to spend your time looking for business insurance that fits your company’s needs. Instead, leave that up to our team. Because your business is unique, your insurance policy will be as well. If you would like to learn how Policy Smart/CMR & Associates can help when you are looking into insurance policies for business use, give our office a call.