The good news about all those expenses that come with running a business:
Most of them don’t really kick in until you can afford them. You don’t really need to spend a lot of money on marketing until you’ve tested the waters with a small-scale launch to see how people respond. You don’t really need to rent office space until you have more employees than can fit in your garage. Insurance Shopper VA can help connect you to commercial insurance, but it might not even be a necessity just yet.
If you’re not sure whether your Virginia Beach, VA business requires commercial insurance yet, here’s what you need to do:
- Take stock. Take a look around the shop and list everything you have that you could count as a business asset.
- Weigh that against your spendable income.
The question you need to answer:
If I lost all this stuff in a fire, would I be able to replace it out of pocket without worry? If the answer is no, then it may be time to invest in commercial insurance.
Your homeowner’s insurance or renter’s policy may actually cover the damages if you’re working from home, but if you’re renting office space or you’ve bought your own building, or if you run a business from a food truck, for instance, then it may be time to give Insurance Shopper VA a call.
Not every Virginia Beach, VA company needs a commercial insurance policy. If your business is just you and a laptop, then there’s not much to worry about. Once you’ve built your business up, once you have more than you can afford to lose, commercial insurance is your only choice. Reach out to our agents today to determine if commercial insurance is necessary for you.