Tom's Blog
Protecting Your Small Business: Insurance Tips for National Small Business Week
National Small Business Week (first week of May) is a time to celebrate entrepreneurs and the vital role small businesses play in our communities. At Paramount Insurance Agency, we’re proud to support local businesses by helping owners protect what they’ve worked so hard to build.
If you’re a small business owner, this is a great time to check in on your insurance policies to make sure they still meet your needs. Here are a few essential tips to consider during your spring review:
1. Reevaluate Your Coverage
Business needs can change quickly. Whether you’ve expanded, added services, or hired more employees, your policy should reflect those updates. A quick review can ensure you’re not under- or over-insured.
2. Understand Your Liability Risks
From customer injuries to data breaches, every business has liability risks. General liability, professional liability, and cyber liability insurance can protect against unexpected claims and legal costs.
3. Don’t Forget Property Coverage
If you own or lease a space, or rely on tools, equipment, or inventory, commercial property insurance helps protect against fire, theft, vandalism, or storm damage.
4. Consider a Business Owner’s Policy (BOP)
A BOP bundles general liability and property coverage into one affordable policy, perfect for many small businesses. It’s a great way to simplify your insurance and save money.
5. Review Workers’ Compensation Requirements
If you have employees, workers’ compensation insurance may be required by law. It protects your staff and your business in case of workplace injuries.
We’re Here to Support Small Business
At Paramount Insurance Agency, we specialize in helping small business owners find customized insurance solutions. Let us help you navigate your options and stay protected as you grow. Contact us at 336-869-3335 for a free quote or more information!
This Small Business Week, give your business the protection it deserves.
