Stop Paying Too Much for Insurance

Every single business, big and small, faces risks on a daily basis. Construction crews operate large machinery, consultants handle clients' sensitive information, chefs slice up foods with sharp knives and even quiet office environments have less apparent hazards, such as fire risk and cyber threats. But what are the most common risks experienced by a wide variety of businesses?

Liability

Liabilities can stem from a customer slipping on a wet floor in your store, a product your company makes causing customers to get sick, making false claims on a product/service and a variety of other incidents that could potentially lead to a business getting sued or otherwise penalized. However, there are several different types of liability insurance to cover various incidents that may be specific to your industry.

Property Damage

Severe weather can strike at any time, along with criminal activity. If a building is rendered unusable by damages, it could affect a business' profitability. It's important that you take an inventory of all business property—including structures, furniture, computers, raw materials, specialty equipment and more—so you know how much coverage you need to protect these valuable assets.

Fraud

Being that many employees have access to sensitive documents, the chance of internal fraud, embezzlement and extortion may be higher than you think. However, there are forms of insurance that protect against losses associated with internal fraud.

Cyber Threats

As we grow more dependent upon computers, the chance for cybercrime and power surges being increasingly more risky. The loss of company documentation, customers' personal information and more could all result in losses for your business.

Interested in learning more about how to protect your business from these common risks? Contact your local independent insurance agent for a customized assessment of your business' needs today.

We've got you covered. Call Auto Insurance Discounters at (816) 252-2255 for more information on Kansas City business insurance.

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