Key Business Risks Needing Coverage

Opening a new business is hard work, and it incurs a lot of risks. Some are more dangerous than others, but they all have the potential to ruin a thriving business if not properly address. A qualified agent can recommend the right business insurance in Richmond, VA, and your policy may address the physical exposures related to your property, consumers, and employees. However, there are other risks your business may face.

1. Loss of Income

The economy can wreak havoc on your ability to turn a profit, and there may be unexpected situations that force your business to close temporarily. Business interruption insurance can stop the financial bleed the company may experience as a result of a covered act that is beyond its control.

2. Compliance

Depending on your area of industry, you may be faced with regulatory standards that are constantly changing. EPA, HIPPA, or OSHA are all common regulatory concerns for businesses of any nature, and getting cited for lack of compliance can be financially draining. There are many insurance options to address compliance issues small or large businesses face.

3. Security and Fraud

The prevalence of tech services and programs increases a company’s risk of cybersecurity threats. A hack or breach of the system is an expensive problem, but a well-crafted insurance policy can help.

There are many risks with business operations that insurance can help mitigate. Speak to an expert in the industry to determine which coverage is appropriate.

Cargo Insurance for Semi Truck Owners

Big rig owners carry heavy loads over dangerous roads in all types of weather throughout the year. Along with hours on the road hauling the freight can come risks to yourself and your loads. As a driver or truck owner, you can easily protect yourself from problems with the cargo by purchasing insurance for semi-trucks. Here are a few of the many reasons to obtain the coverage.

Liability Insurance

When you store freight in a storage unit or warehouse, you need to protect the goods and yourself with liability insurance. Your policy can be tailored to meet your needs with specific

  • Provisions
  • Consolidations
  • Blankets

All you need to do is specify the amount of liability you agree to assume.

Cost Protection

The cost of insurance is much less expensive than losing a load of electronics or heavy equipment. With the number of accidents that occur each year involving big rigs, it is essential to protect yourself with truck cargo and freight insurance.

Risk Coverage

How you operate, the loads you carry, and the time you spend on the road are all part of the risk exposure you operate under each day. Communicate any concerns about exclusions or coverage to your insurance broker to create a policy that fits your needs.

Complete Security

To provide adequate insurance for semi-trucks you drive or own, protect yourself with a cargo policy and liability insurance policy. Make the phone call today to better understand what coverage is available.