Lower Your Small Business Stress for a Happier Holiday Season
The holiday season is once again upon us and if you are a small business owner, you’re likely nervously hoping for a safe and successful season of robust sales.
- Review your current business owner’s insurance to make sure the coverage for your business contents and your liability are up to date and will cover you if you have a loss. Some people just ‘let it ride’ as their businesses grow and when a loss happens, they might find they aren’t insured for an appropriate amount.
- The same for your building if you own the property. Make sure your coverage reflects your real replacement costs. And check with your tenants to ensure that they are also carrying adequate liability insurance.
- Make sure your signs and plate glass windows are covered. Many business owners don’t know to insure them specifically because they might not be covered by a general business policy.
One of our clients had a bar and nightclub open next to her luxury retail store where she had more than 40 linear feet of plate glass as part of her storefront. She confessed to lying awake some nights wondering if that was the night she’d receive ‘the call’.
- Consider adding a central station burglar and fire alarm system that will notify the fire, police, or monitoring agency. Maintain fire extinguishers annually and consider installing an automatic sprinkler system. Not only will these help protect your business, you’ll receive credits that will lower your insurance premium significantly.
It may seem like a lot of work, but if you work with your independent insurance agent, he or she can help you navigate through it and find you the best coverage at the best price.
In closing, we’d like to wish everyone a joyful, safe, and successful holiday season from all of us at Hudson Valley Agents.
And relax. We’ve got you covered.
(P.S. If not, give us a call! We’re really good at this.)
#shoplocal #smallbizsaturday #insurelocal