Category: Commercial Insurance

The U.S. Small Business Administration indicates that small businesses account for 45% of Missouri employees, so small businesses are vital to the Show Me State’s economy. Due to the role of small businesses, it is crucial to recognize the role commercial insurance plays in enabling them to meet their legal and contractual obligations. If you are a small business owner, our Swartz Premier Group Insurance team, serving Moberly, MO, will help you understand your commercial insurance options and structure coverage to meet your needs.

Commercial Insurance Overview

Small businesses lack the financial backing of larger organizations and can be vulnerable to unforeseen events. However, like larger organizations, they can gain protection by adequately insuring themselves against the hazards of their industry and other factors.

Almost every small business needs protection through business property and liability insurance and can bundle it into a Business Owner’s Policy (BOP) along with the appropriate industry-specific add-ons. Likewise, workers’ compensation and product liability insurance can be part of the BOP. 

Small business owners should also acquire commercial insurance rather than mistakenly rely on their home or personal auto policies for protection. For example, business owners who keep office equipment, inventory, or tools at home should recognize that home policies typically cover only up to $2,500 worth of business assets. A commercial insurance policy should cover those assets. Likewise, owners take significant risks when allowing employees to make deliveries using the owner’s vehicle when covered by a personal policy rather than commercial vehicle insurance.

Working with Swartz Premier Group Insurance

The Swartz Premier Group Insurance, serving the Moberly, MO, small business community, will help you customize an insurance plan to protect your business and personal assets. Give us a call today at 660-263-8900 to discuss your commercial insurance options.

There’s a lot that goes into running a successful business. From managing staff to overseeing financials, the list of responsibilities can seem endless. One responsibility that you should not overlook is making sure that your company is safe. Slip and fall accidents make up a large portion of all workplace injuries, so it’s important to take the necessary steps to prevent them. At Swartz Premier Group Insurance, we help Moberly, MO business owners get what they need.

Preventing Slips and Falls At Your Business 

• Keep floors clean and dry – Make sure to keep your floors free of debris, liquid spills, grease, and other liquids. Cleaning and drying up any spills immediately is key.
• Well-lit walkways- Clear visibility is important for all workers. One step in the wrong path can cause a nasty fall. Invest in good lighting and make sure pathways are clear of obstructions to avoid accidents.
• Proper training- It’s important to invest in quality training for every employee. For instance, having a proper ladder safety training program and ensuring that all employees follow the appropriate protocols can help reduce accidents.
• Routine safety inspections– It’s critical to have attention to detail for every part of the workplace. Have a regular inspection of the premises to make sure all safety features are in place and functioning properly.

Coverage For Your Business

Commercial insurance can help cover any expenses related to slip and fall accidents. Swartz Premier Group Insurance provides comprehensive coverage for businesses in Moberly, MO. Our experienced agents can help you get the right coverage for your business. Contact us today to learn more about our commercial insurance products. With our help, you can rest easy knowing that your business is protected from dangerous slips and falls!

Moberly, MO area business owners might be wondering if their startups should carry insurance coverage. Our team of insurance experts is here to address all your concerns.

3 Reasons Commercial Insurance for Startups Is A Critical Part of Protecting Your Business

1. Protect Your Assets: Commercial insurance provides coverage for your company’s valuable assets, such as buildings, equipment, and intellectual property. If something disrupts or destroys these items, comprehensive protection may help you minimize financial losses and get back to business quickly.

2. Prevent Legal Issues: Starting a business is often an exciting adventure, but it can also be risky – particularly if you don’t have the proper legal protection in place to protect yourself from potential lawsuits or other legal issues that could arise during your operation.

3. Maintain Operations: Having insurance in place can help you stay afloat during difficult times and keep your business running smoothly. When something goes wrong, having coverage can help you fix the issue and move forward without interruption.

Factors To Consider: Commercial Insurance for Startups

Startups should consider a few key factors when searching for the right type and level of coverage.

1. Coverage Types

2. Limits

3. Deductibles & Co-Insurance:

How To Get Commercial Insurance for a Startup

Talking to a licensed insurance agent at a commercial insurance agency like Swartz Premier Group Insurance can help startups choose the best commercial insurance policy. Our experienced agents can help startups focus on their primary business goals while taking care of the details related to finding the best commercial insurance coverage.

Get Commercial Insurance in Missouri

When starting a new business, it is important to make sure you have the proper insurance in place. Commercial insurance covers a business against certain risks that may come with running and operating a successful enterprise. A licensed insurance agent at Swartz Premier Group Insurance in Moberly, MO can help! 

Swartz Premier Group Insurance is an independent agency. We assist the Moberly, MO community. We are committed to helping our clients find the coverage they need to protect their assets. We have partnerships with multiple carriers throughout the Midwest. This allows us to provide flexible coverage options that adapt to life’s changes.

Common Commercial Insurance Mistakes

As a Moberly, MO business owner, you are constantly looking for ways to stay ahead of the competition. A strong commercial insurance policy is a great start. Commercial insurance covers your business against various risks associated with operating a business. Liability insurance is the foundation of your policy. Your business is covered if a customer alleges that your products caused them harm or if they suffer an injury while visiting your business. Worker’s compensation covers your business if your employees are injured on the job. The policy allows you to cover their medical treatment. All of your inventory is covered if it’s stolen or accidentally destroyed. As you look over your policy, avoid these common commercial insurance mistakes.

Neglecting Commercial Auto Coverage

If you provide a delivery service, the only way to stay fully protected is by adding commercial auto insurance. Many business owners assume that they can rely on their personal auto coverage to protect them against damage to their commercial vehicles. If something happens to your commercial vehicle, you will be left exposed if you don’t have the proper protection.

Thinking Your Business Is Too Small For Coverage

This is a common mistake many business owners make. If you have a small business, that’s even more of an incentive for you to get insured. If your small business suffers a significant loss, you likely wouldn’t have the resources to cover it with insurance.

Swartz Premier Group Insurance Will Help You Protect Your Investment

Visit our website to learn more information about commercial insurance.