Business owners are so busy these days making sure they work hard to bring in profit and make their businesses grow. Because of this, it’s easy to forget about details concerning commercial insurance. These details, even if they seem to be small, can be detrimentally costly. Thus, it’s important that businesses are aware of commercial insurance myths, so they won’t be terribly surprised. With concentrating on the state of Tennessee, the following include those common insurance myths:
1. Only doctors and lawyers need to be concerned with errors and omissions’ insurance.
Again, this can be a grave mistake with this fallacy of thought. Any service provided for a fee has an E&O exposure.
2. I possess enough insurance coverage.
Every business is unique in their business needs and risks. That is why it’s important to contact a reputable, experienced, and knowledgeable insurance company to ensure you have the right amount of coverage.
3. Older agents are always more equipped.
Just because older agents may have more experience doesn’t necessarily mean they all are more knowledgeable concerning this field
4. There is no need for really small businesses to worry about lawsuits.
Many think that businesses and people with deep pockets only need to worry about lawsuits, but anyone can get sued. So, just because you don’t generate enough revenue in your business, you still have to pay the judgment ruled against you via possible garnishments and seizing of assets and bank accounts. To prevent this travesty, it’s vital to obtain the appropriate liability coverage amount. Brock and Poole Insurance Agency, located in Collierville, TN, is the one to turn to concerning your insurance needs.
5. Obtaining a Business Insurance quote shouldn’t take long.
With the brainwashing of insurance commercials and instant access at our fingertips through search engines, many tend to think that it’s quick and easy to get a business quote in minutes. However, a good insurance agent will take the time to consult with you concerning a full depths of your business and the risks associated with it.
If you living in the Collierville, TN or surrounding areas, Brock and Poole Insurance Agency is the one to turn to you with all your commercial insurance needs. So, contact them today, and you will be in good hands.