You work hard on your business, so you should protect it.
No matter how careful you and your employees are, accidents, crimes and disasters can happen at any time.
That's why you should invest in business insurance.
If your enterprise is unique, you may be thinking that standard insurance plans aren't the right fit for you. However, business insurance is not "one size fits all."
We know that there are many different kinds of companies out there, and they all have different needs. That's why there are so many different kinds of insurance. There are some things you may need covered that others don't, as well as some things that you don't need covered that others do.
And the degree of coverage needed can vary from business to business, too.
TPAL is here to help you find the right insurance plan for your unique needs. Let's get started.
Types of business insurance
There are several different types of business insurance that you can choose from to develop the most relevant possible collection of coverage.
Infrastructure protection
Infrastructure protection covers the building in which you operate as well as everything inside of it. If you own a company that requires equipment or machinery, insurance could cover the costs of the damages if something happens to it.
Some businesses need a large degree of infrastructure protection, and some only need a more targeted policy. If you own an enterprise that operates entirely online and all of your employees work remotely, maybe you don't need infrastructure protection.
Similarly, if your business operates out of vehicles rather than a building, like a lunch truck, taxi service or a moving company, you may want to look into vehicle insurance rather than infrastructure insurance.
Modern risk protection
Starting a business comes with risks. You invest a lot of your own money into operating it, and ideally, you'll make all of that money back plus a profit. However, sometimes things happen that can affect the amount of money you make.
Economies can change, competitors can interfere and crime can strike. These are what we call "modern risks," because, while still unexpected, they are not uncommon and can happen to anyone.
All companies are different, which means that they all face unique risks. You should learn the risks that yours is especially susceptible to and invest in insurance to cover them.
Unexpected risk protection
It's hard to imagine unexpected risks when you start a business because they're, well, unexpected. They can be in the form of anything from a fire to a natural disaster. Even though it is hard to picture something this tragic happening to your enterprise, it isn't unheard of.
Take the COVID-19 pandemic, for example. Economies all over the world shut down, hurting businesses along the way. Companies that had insurance to cover unexpected risks were better prepared to survive the pandemic than the ones with no insurance.
Similar to modern risks, you should consider what kinds of unexpected risks might affect you most. There may be things you aren't thinking of, but at TPAL, we will make sure every possibility is brought to your attention so that you can decide which risks are the most important for you to cover.
How to find the right coverage for your business
Business insurance can be confusing. There are so many options and things to consider, and choosing an insurance plan requires you to imagine a worst-case scenario.
Thankfully, TPAL is here to help. Our representatives work alongside you to weigh all of your options and pick the plan that will best protect your business with the budget that works for you.
Contact us today to get started.
