Determining Your Insurance Needs Only you, the business owner, know what is adequate insurance coverage for your operation. If you do not feel the possibility of risk of loss outweighs the payment of yearly premiums , then going without insurance may work for you. In most cases, a loss can be catastrophic, or severely hurt a business, and the premium cost is worth the peace of mind against sudden and accidental losses.
Insurance is never really important until a loss occurs.
To make sure these question are answered in your favor, you will need to take an active role in choosing your coverage. First , Take stock of what it is that you want loss protection for. Then decide how much each is worth, should a loss occur. Third, Determine who you would like covered. Fourth, Find a professional insurance agent to shop around for the best prices for the package which fits your need.