The last thing you want to think about is your business going under because you didn’t have enough, or any, coverage. But what would happen if you had to close business for a few months after a loss?

There are many reasons why this would happen, but let’s just assume you experienced a partial fire loss that would have you down for 2-3 months. If you own the building and rebuild the damaged portion it’s got to be up to code. And what if it’s the middle of winter? Is three months enough time to rebuild and get business back to where it was before?

Even if you didn’t own the building, how would you pay the rent at a temporary location and at the old location in the interim? You’ll need additional advertising and promotion to get the word out and that isn’t free either. These unknown expenses begin to surface all over the place!

Consider the following…

• How would you pay the ongoing expenses at your business, like the lease or utilities, when you have limited or no incoming revenue?
• How would you pay your key employees wages while business is down? Do you think they’d go work for your competition in the meantime?
• Wouldn’t you want to have an extra pot of cash you could reach into to pay these ongoing expenses and recoup your lost net income?

According to a recent survey:

What You Don’t Know

The reason you don’t know about this one particular risk management scenario is that it’s an intangible loss and difficult to imagine. Financial institutions serving as a mortgagee, lenders and creditors usually don’t require you to carry this one particular coverage – even though they should. And even more frustrating, most agents just don’t understand it.

Protecting Your Business and Profits

That’s of the reasons I love what I do – it may sound cliché, but I offer peace of mind. I may not be able to prevent tragedies from happening, but when they do – my clients are going to breathe easy knowing they’re going to be protected. And don’t get me wrong, there are times when a client elects not to take a particular coverage – maybe it’s not important at that time, maybe it doesn’t fit their unique business, and maybe it’s just not in the budget this year.

But when I joined Hays Insurance Agencies in 2009, I didn’t set out to sell insurance policies. I set out to fix insurance problems for businessowners like you, but only if we agree there are problems to be fixed (and assuming I can keep it in your budget!).

That’s why I developed what I call my Protection Review appointment where…

My Protection Review appointment has been a huge success with busy entrepreneurs like you who view time as their most important asset.

We can schedule a convenient time around your calendar, and our meeting should only last about 20 minutes. If it looks like you’re well-taken care of, then I’m going to suggest you stay where you’re at. There’s no sense in fixing what isn’t broke!

It’s the Little Things in Business Insurance

It’s typically the little changes in coverage that make all the difference. Do you consider paying your insurance premiums a necessary evil, or smart investment? “What if I never use it!?” That’s a common frustration, but I feel that you are making an investment– you’re hedging against losing your business and profits!

But I also feel your investing in your agent too. I’m not saying I’m perfect, but I don’t feel that being a ‘good’ agent is good enough when it comes to protecting your business, your customers, your assets, and YOUR PROFITS!

If you would like to discuss and review your policies then we need to connect and figure out how, or if, I can help you. At the very least, we’ll have both gained another valuable connection.

Click here to schedule your Protection Review appointment

 

 

 

To Your Protection and Success!

 

 

 

 

 

P.S. Interested in seeing what other businesses I’ve helped around West Central Ohio? Click here.