Connor-Helring Associates Blog

When you set out to start your business, you will have a big list of goals and dreams, but you need to keep your feet on the ground, too, so get organized and make a list of practical “to dos” so that you make sure you have covered the essentials.

No matter where you are setting up shop – whether it’s Scranton business insurance or a Philadelphia policy you need, be sure that all coverage necessities have been attended to before you open for business. There are several aspects of insurance to consider:

• Property coverage: if you’re in commercial premises, you’ll want to insure your business assets.
• Workers compensation: this is separate to your main business insurance and you may be required by law to have it in place.
• Commercial auto insurance: if your vehicles are used for business, purposes they need to be insured for that purpose, even if you use the same car for private and business use.
• If your business involves specialized staff and/or equipment, you may need to consider extra coverage. Production and income lost due to the loss of key personnel or crucial equipment can wreak havoc on a business, particularly one that’s in the early stages of operation. Key person coverage and/or equipment breakdown coverage could be worth considering.

Your PA business insurance agent can help you choose the appropriate types of coverage for your business. The time that you spend putting the right insurance in place is time well spent protecting your valuable investment.