Uncertain economic times further underline need for business insurance

The business world is filled with few guarantees. For small to medium-sized company owners, it can be even more difficult to start an organization from scratch and ensure that it finds long-lasting success.

According to the National Federation of Independent Business' (NFIB) latest Small Business Optimism Index, half of the 1,873 small businesses surveyed said that regulations were their biggest problems in April. Additionally, 78 percent of the company owners who were "trying to hire" or were in the process claimed there were little or no qualified applicants.

An even more drastic number was that just 4 percent of respondents said that it was a good time to expand their business.

As the economy can often be uncertain, business owners must be prepared for numerous unexpected events. Things like severe weather or vandalism cannot be controlled, but managers can control their insurance policies. Without the right coverages, a recovery process could be exceedingly expensive and be more time consuming.

Silicon Valley is often a popular destination for entrepreneurs, but anyone who tries to open a company in the Golden State is well-advised to work with commercial insurance specialists. A comprehensive California business insurance policy is a necessity for organizations in any sector. Even if a business is niche, these specialists understand the industry and can help owners find the right combination of policies that will keep their company protected.

For example, location-specific coverages can make a difference. A California business is more likely to be affected by an earthquake than a company that is located in the Midwestern states. Also, depending on if the company relies on deliveries or not, a commercial auto insurance policy could be needed. Instances like these are just two examples of how insurance can be beneficial.




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