If you want to ensure responsible growth for your company, you should build a healthy relationship with your small business insurance company.
You know your company is going to grow and expand. You planned for it, you work towards the goals, and you will develop over time. However, you want to make sure you don't expand irresponsibly.
You will gain new employees, new equipment, new clients, and offer more services to your clients. To protect yourself, your employees, and your capital equipment you'll want to make sure you have a comprehensive insurance plan. Your plan should cover you as you increase your exposure to risk and liability.
Keeping yourself protected is why you should include your business insurance agency in your plans.
Business Insurance Protects Your Tomorrow Today
Things change, and companies need to stay abreast of the changes.
Let's take workers comp insurance as an example. New opportunities mean you will have to hire more employees, California law requires you cover them with under a workers comp insurance plan, and the law appears to go through significant changes every few years.
If you plan for this by keeping in touch with your insurance agent, you'll have a better understanding of what to expect regarding expenses in the coming years. Additionally, you will also have somebody to talk to about other insurance options, such as employee health insurance plans, disability plans, and liability coverage.
If you foresee your company creating, expanding or strengthening a board of directors or management level, you'll want to have a good understanding of the liabilities associated with the change and find out how you can protect your company from the move.
A more recent development is the increased fight against sexual harassment. As a result of the #metoo movement, many companies are taking out additional insurance policies to protect themselves from sexual harassment lawsuits.
Your business insurance company should be next to you throughout all of the changes. When you are making your plans for the coming year, run them by your insurance agent to see if your insurance covers them.
Your Business Insurance Is More Than Just Protective Coverage
Your insurance company can help you in creating the right company culture. You want motivated employees, employees who are engaged and invested in the success of your company. Your insurance company can help you develop that culture. Offering a well planned benefits package to employees will assist in recruiting and retaining the best people.
Culture Insurance is a leading provider of business insurance in the San Diego area. If you're are planning on, or undergoing a transitional period in your company and have concerns about your insurance coverage, we invite you to contact us. We work with companies to make insurance a positive and proactive part of their business and company culture.