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August 1, 2023
Greetings from your friends here at TriState Business Insurance. For those who don't know us, we are dedicated to providing Virginia, Maryland, Delaware, and District of Columbia businesses with the best small business insurance protection available since 1996.
Business owners, are you aware that sharing the specifics of your comprehensive small business insurance coverage is a selling point for you and your business? We're confident that you both know and leverage your professional liability coverage as part of your sales and value proposition definition. But how diligent are you in scrutinizing the insurance coverage of those companies contracted to support you?
You've likely heard horror stories about working with a contractor who doesn't have insurance. Maybe a friend of yours hired someone to do some work around their home, only to find out that the contractor didn't have any liability insurance and ended up damaging their property. Or maybe you've seen news reports about people being injured by uninsured contractors.
As a business owner, you likely understand the importance of insurance. But what happens when you hire a contractor who doesn't have any? What are the risks involved? Insurance protects businesses from potential losses that could occur because of accidents, property damage, or other unexpected events. Without it, businesses would be left to foot the bill for these losses themselves. This is why it's crucial to ensure that any contractors you hire are correctly insured.
This blog post is to get you thinking. If it's been a while since you reviewed your policy with your independent business insurance agency like us here at TriState, strongly consider doing that.
In our next blog post, we'll discuss several different types of business insurance coverages that those whom you contract with should have. Of course, if have any questions at all regarding either business or personal insurance coverage options, we're ready to help. Contact any of our seasoned insurance professionals today!
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