Business liability insurance safeguards your business against most unexpected events. However, did you know it’s possible to have too much insurance? Over-insuring isn’t necessarily harmful, but it means you’re paying for coverage you don’t need. At Selkirk Insurance Services in Sandpoint, ID, we understand local businesses’ insurance needs and can help you determine the right amount of general liability insurance for your business.
Liability Coverage Tailored to Your Business Type
A business that frequently interacts with the public needs substantial coverage to handle accidents and incidents that can occur. Conversely, a business closed to the public with few employees still requires liability coverage, but to a lesser extent.
Property Insurance to Safeguard Your Assets
Property insurance is designed to protect your physical assets, such as buildings and their contents. This coverage shields you from losses due to certain types of damage and theft. It also provides financial support if you’re sued and need to defend your business.
Appropriate Coverage Limit for Your Business Size
Consider how much money you would need if you lost your entire business. This will help you decide whether to purchase a $1 million or $2 million general liability policy or whether you need more coverage.
Ensure You Have the Correct Coverage
It’s crucial to have a general liability insurance policy that helps you recover from adverse events. At Selkirk Insurance Services, we’re ready to help businesses of all sizes in Sandpoint, ID, secure a policy that delivers peace of mind. Contact us today to learn more about business insurance and what it covers, and let us find the right policy for you.
