Have You Checked Your Insurance Lately?

From MSNBC.com comes an article on business insurance, Many Small Businesses Lack Adequate Insurance.  The writer makes some important points about making sure your business is protected.  One area that is frequently overlooked is business interruption insurance.  In the event that your business is shut down due to a fire, or other calamity, a business interruption policy will cover your lost income and your on-going expenses, like employee salaries.

The article also points out that while some owners may skimp on coverage to save money, others fail to reevaluate their coverage as the business grows. 

Two web sites that provide good information on business insurance are the Insurance Institute’s site and the Small Business Administration site.

Remember that flood and earthquake coverage may not be covered under your general property insurance policy and may need to be added separately.  You may also want to consider insurance for employee-related issues. 

This is one area where it’s important to make sure all your bases are covered.

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