6 Reasons Why You Need Business Insurance

​In addition to growing a business, day-to-day operations can be tough. Small to medium-sized businesses are especially prone to loss of income due to limited resources. Business insurance is there to help you keep your operations and resources safe in case of risks.

6 Reasons Why You Need Business Insurance
If you’re still considering getting your business protection, we listed some of the reasons why you need business insurance.
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1. Prevent Water Damage
   If your business is in hospitality management, a service-based, or a corporate setting, water damages are common. It's possible to experience burst pipes or drainage problems caused by disasters. Business insurance may help cover basic water damage problems and save you from massive expenses. 
   
   
2. Avoid Electrical Failures
   Regular checking and preventive activities for your electrical systems reduce issues and possible danger to your property. A licensed electrician must inspect a business facility and property to stay updated and prevent electrical fire incidents.
   
   
3. Fire Protection for Property
   Your property can be devastated when a fire breaks out. Your landlord may not cover you. Having insurance helps you protect your property against unprecedented fire incidents. 
   
   
4. Extreme Weather Damages
   Some business insurance can offer you extra protection against damages from natural disasters. Basic insurance covers damages from wind, hail, or rain, while earthquake and flood damages may be offered separately. 
   
   
5. Plan for Business Interruptions
   If you want extra protection whenever you experience a loss of income due to loss or damages, you can add loss of income insurance. Your business insurance policy can be customized for business continuity plans against interruptions like a loss of income.
   
   
6. Information and Data Security 
   Every business is no exception to cyber security issues that can affect its operations and integrity. That is why business insurance is designed to help protect your business from cyber-related issues and the expenses that come with it.

A Great Business Investment
Small to medium-sized businesses have a top priority to increase their sales. However, there may be possible interruptions that can occur along the way, like natural disasters, loss of income, or accidents that risk all your assets. Considering all these factors will only show how business insurance is an essential investment for any business.

At Desmond Insurance, we do our best to make sure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (859) 491-5100 or CLICK HERE to request a free quote. Topics and coverage discussed in this article are not guaranteed, consult with your agents to determine what your policy does and does not cover. We are more than happy to help!