As an owner of a small business it is important to have the right coverage. Small businesses are one of the largest growing companies in the country. The cost of small business insurance will greatly differ on a variety of variables. However, the median price is roughly $430 a month.
The purpose of small business insurance is to cover any losses due to events that may occur during the normal course of business including coverage for property damage, legal liability and employee-related risks.
Owning a small business inherently means that accidents will happen at one point or another. Depending on the type of business will impact the percentage that something may happen. For example, if your small business is construction or something of that nature; you may have a greater chance of an employee hurting themselves on a job site. However, if you have a small IT business the chances of electronic failure or even electrical fires increases due to equipment used that can overheat and catch fire.
The type of small business insurance will depend on the type of business you want to cover. For example, general liability coverage will provide protection if someone is injured in your business as a result of your negligence. This type of insurance will help pay for legal costs if you are ever taken to court over any incidents that occur at your business. Commercial general liability insurance covers medical expenses as well. Another form of insurance is business property coverage. This will cover your business’ building (if you own it) and its contents against covered perils. For example, if your business is damaged by fire, your property coverage can help pay for repairs. Or, if your furniture or other pieces of property is stolen the property coverage may help to replace it. It is important to understand that each coverage has deductible limits, so it is important to take that into consideration when buying property coverage.
The other form of coverage is business income coverage, and this typically is part of the business owner’s policy and this will help replace any lost income and increase expenditures if your business is affected by a natural disaster or other act of destruction to your business.
Business insurance costs even though may seem expensive because of the monthly payments; it is worth it if something were to happen that was not in your control.
Our comprehensive insurance will help keep the stress of purchasing insurance down as we are able to provide you with the proper coverage for where you are in life and the current situations you may face. We also offer competitive rates compared with other companies in the Denver Colorado area. We look forward to speaking with you regarding your auto, life, home, and small business insurance needs.
The Robert Whittet Agency is here to help small business owners find the coverage they need in order to protect their business. We work with more than one insurance carrier to offer a variety of coverage’s at competitive rates to help owners protect their needs all within their budgets. For more information, please contact us via our form or by calling 303.317.2363.
I have had my insurance policies through Whittet Insurance for the past couple of years and I have nothing but positive things to say about my experiences. From day one with the services provided to cancel my old policies and setup new policies with Farmers, it has been an overall great experience. Rob makes the process of buying and utilizing insurance as easy as possible. We have all heard the negative experiences with actually having an insurance claim, but throughout the unfortunate process of a vehicle and house claim, Rob made it very easy to maneuver through the process and get the ball rolling with the adjuster so that the repair work could begin as quickly as possible. I highly recommend Rob as an insurance agent as he is the type of person that will go the extra mile to help you through the insurance process.
Matt From Castle Rock
My car suffered $9000 worth of hail damage in July. I quickly called my agents to see what needed to be done with filing a claim. Molly clearly explained the process and let me know what my insurance covered. I have a policy that will actually pay me $50/day if I don’t use a rental car during the repair process. That money can go to my low deductible and the remainder goes in my pocket. I was skeptical at first but when the claim adjustor said that is how it works, I thought I hit the jackpot. I travel all the time with my job so leaving my car at the shop is noooo problem. Three weeks later, uber rides, and a two day car rental, I was able to pick up my brand new (again)(thanks ABRA) car and pocket, after my deductible, $350. Rob Whittet and his wonderful, amazing staff – Molly and Melissa, have left me worry free when it comes to my home and auto insurance. Thank you Farmers!!
Traci From Aurora
I love Rob Whittet and his company! They have had very competitive rates and are always quick to respond to any needs I have. I have a teenage son getting ready to drive and they have the best rates for teenage boy drivers! It’s always a pleasure working with this agency!!
Krystal From Littleton