Subscribe to Entrepreneur for $5
Subscribe

Rest Insured?

Insuring your company from the get-go may be expensive, but it's crucial to your survival.

By
This story appears in the February 2004 issue of Entrepreneur. Subscribe »

Getting insurance for your business and business property has never really been an easy undertaking, and it's still one of the most important start-up tasks you'll face. Due to the aftermath of 9/11 and the continuing slow economy, it's also gotten more expensive.

According to Gary W. Eberhart, former executive vice president of the National Association of Professional Insurance Agents, "Some of the policy provisions, some of the coverage that every business used to have, may or may not be available anymore." Generally, you can expect higher premiums, higher deductibles and leaner coverage. And if you're in a high-profile building, such as a landmark or a city center, you won't be likely to get terrorism insurance.

4th of July Subscription Sale - Unlock this subscriber exclusive article and more for 20% off today.

Access all Entrepreneur content with no ads, unlock discounts, and get exclusive advice only available to our subscribers. Plus, our magazine delivered straight to your door.

Get 20% off an annual subscription today. Just use code SAVE20 at checkout.

Entrepreneur Editors' Picks