The deal is done, and your keys are in your hand. You have your startup capital, and most of it is probably already spent. The day that your business opens is almost here. If you’re like most of us, you’ve probably dreamed of opening at least one business for your entire life. Maybe more than one. But now that your dream is here, how will you protect it? How will you make it grow?
Business insurance is a vital ingredient to making sure that a healthy business thrives and grows in the great American economy. Bridgeway Insurance Group is here to help Montgomery, AL entrepreneurs take ownership of their businesses.
Do I need business insurance from Day One?
When you open your first business, there are a lot of things on your mind. Your employees are your first priority, as they should be. With many people, business insurance probably isn’t. It should be, though. Your sole proprietorship is built of things that you can’t easily replace. Dedicated office equipment can cost tens of thousands of dollars, and if you take a loss on those machines, that might be money you can never get back.
Am I required to have business insurance?
The answer to that question depends from industry to industry. Many basic startups like tech contracting startups don’t require you to have business insurance, but it’s always a good idea.
How do coworking spaces affect my business insurance needs?
If your business works out of a coworking space – an office rented with workers from different companies – you will need business insurance. All the risks of running your own business are doubled when your business exists in a space shared with others. Consult your professional partners at Bridgeway Insurance Group in Montgomery, AL about your business insurance needs.