Business owners face a host of potential pitfalls, from property loss and damage to personal liability associated with accidents. While separate, individual policies can cover each of these potential incidents, an umbrella insurance plan for business owners covers a combination of these occurrences, providing a more efficient, cost-effective way for a business owner to protect his or her investment.
Another advantage of a business owner insurance policy is its flexibility. An owner can discuss the business’ unique needs and circumstances with an agent and craft a plan that contains only the coverage necessary. However, it’s often advisable for a business owner to contact an insurance underwriter for an evaluation of the business to be certain that the owner doesn’t unintentionally neglect necessary coverage. If properly planned, a business owner policy is a wise financial strategy.
About Advanced Financial Concepts: Owned and operated in Houston by Justin F. Shaw, Advanced Financial Concepts offers financial advice and service to individuals, families, and business owners.