A survey by the Federal Emergency Management Agency (FEMA) indicates that at least 40% of small businesses don’t reopen after a catastrophe, with businesses that lack adequate insurance coverage being more likely to face this situation. One of the main causes of underinsurance in the business space is the failure to reevaluate your business insurance needs regularly.
Data from Statista shows that retail sales in the U.S. have been increasing every year during the holiday season since the end of the Great Recession in 2008. Moreover, the holiday shopping frenzy can account for up to 30% of a business’s annual sales, according to the National Retail Federation. However, despite the high volume
A commercial property insurance policy protects your business’s physical assets from future uncertainties. For example, in the event a fire breaks out, a storm blows through, or a thief breaks in, your commercial property insurance will kick in and pay for the damages to your property. Here’s some more information on this topic. What Does
Making sure you have the right business insurance in La Canada Flintridge is essential for running a smooth operation. You never know when an unfortunate event might get in the way of your path toward profits. Instead of a disaster causing further damage through lawsuits, you can prevent a financial meltdown with customized business insurance.
Owning a business involves various levels of risk. In today’s litigation-happy world, people like to sue and will do so over minor events if they think there is a possibility of them gaining a financial reward. Protecting your business from any type of legal action should be your top priority. It is important to know