People
often start a business and after the thrill of setting up, they are faced with
the task of selecting the right insurance. Floyd Arthur and the Carmoon Group
specialize in helping businesses find and select the right insurance policy for
their situation. The Group and Floyd Arthur have both noticed a lot of false
information floating around on the internet and as such, we would like to
clarify the basics of business policies.
Why You
Need Insurance
Chances are
you don’t have the funds on hand to replace all of your company’s assets, and
even if you do; why would you want to pay out of pocket? Imagine the cost of
losing your buildings, or paying all the medical bills for a workers
compensation claim. When you think about it, insurance is like investing in the
stock market, you want to diversify to prevent a total loss from one bad deal.
Floyd Arthur, having spent over 20 years in the insurance business has seen
firsthand the impact of an unprotected loss on a business. If you still aren’t convinced, compliance
with state and federal laws should do the job. In order to build a great
business, you need a strong foundation. Insurance is the infra-structure
holding that foundation together.
Choosing
Your Coverage
Floyd
Arthur has revolutionized the process of evaluating business assets to insure
appropriate coverage is in place. In order for you to decide just how much
insurance is needed, consider the following:
- What is the total cost to purchase all of your assets new?
- How much can you afford to pay out-of pocket?
- Are there any specialized requirements for your industry?
Although
not all inclusive, the above questions will at least give you a basis for
deciding the minimum coverage you should purchase. If you would like even more
great advice from Floyd Arthur and the Carmoon Group, you are welcome to
contact us.
