Rest Insured?
Insuring your company from the get-go may be expensive, but it's crucial to your survival.
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
-
Tory Burch Built a Brand Around Empowering Women. Now Her Foundation Is Furthering Her Mission: 'How Do We as a Company Have a Positive Impact on Humanity?'
-
This Founder Had to Play College Basketball in Men's Shorts and Shoes, So She Launched an Athletic Clothing Company Named After the Now 50-Year-Old Title IX Act
-
Is Beyoncé's 'Break My Soul' the Theme Song of the Great Resignation?
-
You're Probably Falling for All of Amazon Prime Day's Psychological Sales Tactics. A Marketing Professor Reveals Them — and How You Can Actually Get the Best Deal.
-
Comedian Paul Virzi: 'If You're Not Authentic, You Have Nothing'
-
Struggling to Come Up With Creative Ideas? Try Doing This.
-
Picking a Winning Emerging Brand Is How You Get Rich in Franchising. Here's How to Spot One.