All Businesses Need Insurance

Business

Discussion

July 4, 2009

By PERCY BLAND / State Farm® agent The Meridian Star Sat Jul 04, 2009, 11:38 PM CDT

The dream of owning a business becomes a reality for thousands of people each year.

For many of these would-be captains of industry, that means starting the operation on a small scale. However, your enterprise may be in jeopardy if you don’t have business insurance.

You need business insurance because most beginning entrepreneurs don’t have the financial resources to handle adversity if it should come. Adversity can happen in many ways: fire can destroy your inventory, a power outage could cause your goods to spoil or a customer could be injured accidentally while visiting your location.

Business insurance can protect you from these hazards and others by providing many or all of the coverages listed below:

· Accidental direct physical loss coverage for business personal property,

· Broader off-premises property coverage,

· Loss of income coverage and

· Extra expense coverage.

This list above is just a sample of what’s available. You should contact your State Farm agent to see what coverages are right for your business.

Many entrepreneurs start their businesses on shoestring budgets and try to cut corners by keeping expenses at a minimum. But when you consider what you get, business insurance becomes a tool you can’t afford to work without it.

Text Only

Business

Alternative investments, at a glance
If you’re seeking a different investment path and have a large amount of money to invest, you may already be considering an alternative investment.

May 20, 2012
John Anderson named administrator of Anderson South
May 20, 2012
EMBDC holds ribbon cutting for State Farm Insurance-Jeffrey Wilson
May 20, 2012 1 Photo
Changing jobs can have tax consequences
Taxes may be the last thing on your mind when you’re changing jobs, but overlooking their impact could mean missed tax-saving opportunities. Issues to consider include the following:

May 20, 2012
Working mothers
Recently a politician’s wife came under fire because she did not work outside of the home. The career woman implied that this stay at home mom was not intelligent or experienced to offer non-domestic advice. Instead of keeping her mouth shut and being thought of as a fool, she spoke out and removed all doubt.

May 13, 2012
CNB promotions, position announced
May 13, 2012
Why don’t you have disability income insurance?
If you can’t work and pay your bills, how are you going to cope? Let’s say an injury or illness prevents you from doing your job. How do you deal with the lost income?

May 13, 2012
You can’t hide in fixed income
When is being risk-averse too risky for the sake of your retirement? After you conclude your career or sell your company, you have a right to be financially cautious.

May 6, 2012
Agent of the Month for February
April 29, 2012
Tax bracket vs. tax rate: What’s the difference?
What’s your tax bracket? With the numbers from your federal income tax return fresh on your mind, you probably know the answer or can find it easily. Are you as familiar with your effective tax rate?

April 29, 2012
More Business Headlines

Business

Search Results

Discussion

All Businesses Need Insurance

Site Map

Contact Us