5 Mistakes Small Businesses Make When It Comes to Insurance

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Small businesses are the backbone of the American economy. They create jobs, drive innovation, and support local communities. But too often, small business owners make mistakes when it comes to their insurance coverage. Schneider Insurance Agency in Gahanna, OH can help you navigate this important coverage.

Here are five of the most common mistakes small businesses make – and how to avoid them:

1. Not Shopping Around for the Best Rate

When it comes to insurance, small business owners often think they have to accept the first quote they receive. But that’s not the case. It’s important to shop around for the best rate. Get quotes from at least three different insurers and compare their rates, coverage, and terms.

2. Not Reviewing Their Policy Regularly

Your business is constantly changing and evolving. That’s why it’s important to review your insurance policy regularly. Make sure your coverage still meets your needs. If not, make changes to your policy or shop for a new one.

3. Not Getting Enough Coverage

Many small businesses make the mistake of not getting enough coverage. They often think they can’t afford it or that their business is too small to need it. But that’s not true. Every business, no matter its size, needs adequate insurance coverage. Make sure you have enough to protect your business in the event of a disaster or lawsuit.

4. Not Understanding Their Policy

Many small business owners don’t take the time to understand their insurance policies. They just accept whatever coverage their broker recommends. But it’s important to know exactly what your policy covers and doesn’t cover. Ask your broker or insurer for clarification if you don’t understand something.

5. Putting off Buying Insurance Until It’s Too Late

Some small business owners think they can put off buying insurance until their business is more established. But that’s a mistake. You never know when an accident or disaster will strike. It’s important to have adequate insurance coverage from the start.

Get Commercial Insurance Today

Avoid these mistakes, and you’ll be on your way to getting the right insurance coverage for your small business. Schneider Insurance Agency in Gahanna, OH can help you find the right policy for your business. Contact us today for a free quote!

How to Choose the Right Home Insurance for You

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You probably don’t think about home insurance all that often. But the fact is, it’s one of the most important purchases you can make. After all, your home is likely your biggest investment. And if something happens to it — a fire, a burglary, a natural disaster — you’ll be glad you have insurance coverage. So, how do you choose the right policy for your needs? Schneider Insurance Agency in Gahanna, OH can help you navigate this important coverage.

Here are tips to help you choose the right home insurance:

1. Know What You Need

The first step in choosing the right home insurance policy is to know what you need. Every home is different, and every family has different needs. So, it’s important to sit down and consider what kind of coverage you need. Do you live in an area with high crime rates? Then you might want to consider a policy that includes coverage for burglary. Do you live in a hurricane-prone area? Then you’ll want to make sure your policy covers wind damage.

2. Consider the Cost

Of course, the cost is one of the most important factors in choosing a home insurance policy. Home insurance policies can vary widely in price, so it’s important to compare quotes from different insurers. When you’re comparing quotes, be sure to pay attention to the coverage levels. It’s not worth saving a few dollars on your premium if it means you’re not adequately covered in the event of a loss.

3. Read the Fine Print

When you’re comparing home insurance policies, it’s important to read the fine print. Every policy has exclusions and limitations, and you need to be aware of them before you purchase a policy.

Get Coverage For Your Home

Home insurance is one of the most important purchases you can make. And if you take the time to choose the right policy for your needs, you’ll be glad you have it in the event of a loss. So use these tips to choose the right home insurance for you. Schneider Insurance Agency in Gahanna, OH can help you find the right policy for your needs and budget. Give us a call today to get started.

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