The Basics of Business Insurance

After spending a lot of time and money on education and finding the perfect office, you're ready to open your new psychology practice. But have you talked with an independent insurance agent about getting the right coverage? Yes, you're renting the space and the landlord has insurance to cover the building. But there are other things that must be considered.

Furniture. The building insurance won't cover your furniture. If disaster strikes, you will have to use your savings to replace that new furniture. But, if you have property insurance for your business, then you can save your bank account from the expense.
Technology. You need a computer in your office to keep records. If something damages that computer or someone steals that computer, do you have the funds to replace it? Property insurance, cyber liability insurance or even equipment breakdown insurance can come in handy.
Liability. If someone trips and breaks a leg in a common area of the building, the landlord will have to take care of the costs. But if a customer trips and breaks a leg on a frayed rug in your office, then you are liable. Those bills can drain the money you are saving. Protect your savings with liability insurance.
Income. Have you wondered what you would do if you couldn't use your office for a few months because of a fire or some other disaster? Have you talked with an insurance agent about a policy that will cover loss of income? It can help you continue paying the bills during a time when you can't continue earning income.

Congratulations on your new business! But please take time today to protect your bank account by having the right business insurance.

We've got you covered. Call Heritage Insurance at (306) 693-7640 for more information on Moose Jaw business insurance.

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