Life-Changing Insurance Secrets Business Owners Must Know
The Cost of Inadequate Coverage
An often-overlooked aspect of business insurance is the cost of being underinsured. While it might be tempting to cut costs by opting for minimal coverage, this can lead to devastating financial consequences in the event of a significant claim. A single lawsuit or natural disaster could result in expenses that far exceed the savings from lower premiums. It's crucial to evaluate your business's specific risks and ensure your insurance coverage is comprehensive enough to mitigate those risks3.