Before you take out an insurance policy for your business , take care of these things.
It is worthwhile asking your competitors which insurance agency and broker they use. When you take out insurance with someone , you want to be sure that they have experience in insuring people in your field. They may even know better than you about the risks and challenges your business faces. The last thing you want is to be paying your insurance company for years and years and then encounter a disaster that you aren't insured against.
Don't confuse risk management with insurance , they aren't the same thing.
You can often include your own and your workers' health insurance on your business insurance policy. This could save you a lot of money.
Think very carefully about the risks that your business faces and discuss them with other people in the company before you take out insurance. Business interruption insurance , liability , and equipment are all essential.