How to: Choose commercial or business insurance

Jun 27, 2008

Finding the right insurance means knowing your needs

by Laura Paskus Correspondent
Jacksonville Business Journal--June 27, 2008

Whether you are hoping to protect your own business from a disaster or a lawsuit or are a subcontractor complying with another company’s insurance requirements, business insurance is a matter of necessity.

Finding the right insurance policy, however, is not easy.

Few aspects of running a business — whether it’s a 100-employee manufacturing operation, a retail store or even a consultant operating from a home office — are more daunting than navigating the ins and outs of the insurance industry. This can be particularly true for home-based business owners with otherwise low overhead.

Everyone wants the best protection at the most reasonable rates. No one wants to spend more on premiums than necessary, but no one wants to run the risk of being underinsured in the event of a weather-related disaster, an unexpected liability suit, interrupted work or even work disruptions related to terrorism.