Get to know your business insurance options

Small business owners have a lot on their mind. When you already invest most of your time, energy and money into making a business run each day, that doesn’t leave much capacity to consider all of the insurance implications for your business. How much do you know about your commercial insurance options?

Generally, commercial insurance protects a business, its ownership and employees from certain claims and risks. Businesses face different risks than individuals do, and your commercial insurance needs may vary depending on how your business works.

For example, if you conduct business online, then you may want to make sure you are adequately covered against cyber security threats and data breaches. Cyber coverage is a relatively new area of insurance, but the persistence of digital fraud in today’s world makes nearly every business a digital target.

“Cyber criminals used to steal information from a business and sell it on the dark web to the highest bidder, but that’s laborious and it takes time,” said First Tech Commercial Insurance Agent Aaron Johnson. “So they found a better way aiming straight at your business. They can get in and get out, and with the advent of cryptocurrency, criminals can be paid more readily and it’s not traceable.”

That’s why it’s best to be prepared when doing business over the internet. Aaron Johnson and his team at First Tech recommend cyber insurance for almost every business client they advise.

If your business utilizes a car or fleet of automobiles, you might need a commercial vehicle policy. If you have equipment or materials that frequently move to different locations, you may need to add inland marine coverage. And those are just a few of the considerations.

Commercial insurance comes in many shapes and sizes, and it’s important to understand which plan fits your business the best. Being improperly insured can put you at risk, jeopardizing your investment in the business and potentially other personal property or money.

Don’t worry, First Tech Insurance Services is here to help. First Tech offers a full suite of business insurance policy options, including:

• Business umbrella policies
• Professional liability insurance
• Workers compensation
• Inland marine policies
• Crime insurance
• Builders risk policies
• Commercial vehicle policies
• And more

The Business Insurance team with First Tech works directly with you to fit seamlessly into your business plan. We’ll help you carefully review all of your options, along with any associated premiums, deductibles, policy limits or exclusions.

Finding the right insurance for your small business isn’t only about price or coverage, it’s also about building a trusted relationship over time. As your business evolves, your insurance coverage may need to shift and grow along with it. First Tech is the financial partner that can help you plan for now and the future, so you can focus on what you do best—running your business.