Sometimes—but not always. It’s actually more important that you have experience in your industry. Even if you’re starting your own business and getting insured for the first time, you’ll get better insurance rates if you can show that you’ve worked for other companies in the same industry in the past.
You may need to find an agent who specializes in your field if you own a company that has a lot of unique risks or regulations—like a horse boarding business or high-rise construction company.
But regardless of your industry, your main goal is to find an insurance agent who knows their industry. That’s why we only recommend RamseyTrusted agents—because they’re experts in the insurance industry. They’ll help teach you how to understand your business insurance policies, and they’ll ask the right questions to get the right coverage.