When buying commercial insurance in Monroe, GA, there is usually the delicate balance of not paying too much or too little. You don’t want to overpay because that will not be the best way to utilize resources. Besides, you don’t want to underpay because this will expose your finances when faced with risks. So, how much commercial insurance is enough for your business? Figuring it on your own can be challenging, and that’s why Atkinson Casey Agency wants to guide you about the amount of insurance sufficient for your needs.
Meet lender requirements first
Have you secured any mortgage for your business premises? Do you have any business loans? What are the lender’s requirements regarding insurance? When buying commercial insurance, ensure that you meet the lender’s requirements. But you shouldn’t stop here — this only acts as a base upon which you build from.
How much liability insurance do I need?
Liability insurance protects your business when accused of bodily injury, property damage, and advertising injury. But how much liability insurance do you need? We generally advise clients to purchase liability coverage of about $500,000. But if you need higher coverage, you need to invest in umbrella insurance.
How much property insurance do I need?
Property insurance protects your building and its contents against risks like fire, theft, and other risks listed in your policy. To ensure you purchase adequate property insurance, take an inventory count of your assets to ensure everything in your possession is insured.
After an inventory count, invest in property insurance that can replace all your assets in the worst-case scenario.
Commercial insurance in Monroe, GA
Still not sure how much commercial insurance you need? Please get in touch with Atkinson Casey Agency for more information. After analyzing your business, we will advise the amount sufficient for your business.
