7 Reasons To Insure Your Business

​Businesses need business insurance to cover the costs of liability and property damage claims. Business owners risk paying for costly repairs and legal defense costs out of pocket if they don't have business insurance. Depending on the incidence, this could be financially disastrous for business owners.

1. The Law Requires It
   If you have business insurance, you may be able to avoid financial loss due to accidents, lawsuits, and other unexpected events or potential hazards, including client injuries, property damage, and data breaches, even if your state does not mandate business insurance. 
   
   
2. Protects Your Employees 
   Business insurance may provide financial assistance to employees who become injured or ill due to their work, help cover the costs of medical treatment and lost wages, and protect your business from potential lawsuits related to the incident.
   
   
3. Safeguards Your Customers 
   Your Business Owner's Policy (BOP) may offer liability coverage to help protect your company if a client is injured or their property is harmed while on your premises and provide financial assistance to replace or repair any damaged company property.
   
   
4. Builds Business Credibility 
   Business insurance may help build trust with your customers, contractors, and other business partners, which shows that you take managing risk seriously and are committed to protecting your business and those who work with you.
   
   
5. A Must for Many Contracts
   Many businesses may have contracts with landlords and lenders for leases on buildings, real estate, and loans that stipulate insurance coverage.
   
   
6. To Retain and Attract Employees
   Offering a comprehensive insurance package to employees may be a major factor in attracting and retaining top talent for your business. 
   
   
7. Protects Against Calamities 
   Business insurance may help minimize the financial impact of flooding, fires, tornadoes, hurricanes, and lightning on your business and help you quickly return to business as usual.

Insure Your Business Now!
Having business insurance may protect your business against various risks and give you peace of mind knowing that you can recover from a loss and maintain your operations. 

At Appletree Insurance, we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (603) 881-9900 or CLICK HERE to request a free quote. Topics and coverage discussed in this article are not guaranteed, consult with your agents to determine what your policy does and does not cover. We are more than happy to help!