Skip to content
Click to Call
Bacon Insurance Group

3711 Westerre Pkwy, Suite D
Richmond, VA 23233

Get Directions

Should Those Who Are Self-Employed Obtain Business Insurance?

At the Bacon Insurance Group, serving the greater Richmond, VA area, we have seen that more and more people are branching out and starting their own side businesses or full-time businesses. Technology and the Internet are making it easier than ever to operate your own business, directly from your home. One of the questions that we are often asked is whether those who are self-employed should obtain business insurance. We are here to assist with all your queries.

Should Those Who Are Self-Employed Obtain Business Insurance?  

If you have a business of any sort, regardless of whether it is a small business run by one person or a large business run by multiple people, it is strongly recommended that you purchase business insurance. Business insurance can help to cover the tools you use to operate your business, including computers and your products or merchandise.

Business insurance can also help to protect you against a lawsuit that you may face during the course of operating your business. If you accept payment for any goods or services, then technically you are a business. As such, you should be insured as a business to protect the time and money you have invested into your business. 

Contact Us Today

The Bacon Insurance Group, providing business insurance products to those located in the greater Richmond, VA area, strongly recommends that all business owners, regardless of how small or large they are, obtain business insurance to protect their business. Our team of knowledgeable insurance agents can help you to select the business insurance products that are ideal for your needs. Reach out to us today and let’s help you find the right business insurance products based on your specific insurance needs. 

Commercial Insurance FAQs

Commercial insurance offers a lot of protection to businesses that face massive amounts of risk on a daily basis. It can be what saves a business when peril strikes. Bacon Insurance Group in Richmond, VA will take the time to get to know your business so that we can help you to get the right coverage for your particular risks. 

Commercial Insurance FAQs

Why does a business need liability insurance?

Your business could be sued. As a matter of fact, there is a pretty good chance that at some point your business will be sued. When you are sued you could be liable for medical bills, property damage, and the cost of litigation. This could result from an accident, but you can also be sued by a customer injured by your product or the work that you did or by an employee. A judgment could cost you your business if you don’t have the right commercial liability insurance. 

Do you need commercial property insurance if you are a renter? 

Yes, you do. Unlike home or renters insurance, commercial property insurance is not just about the building, it is also about the content. The content of your business is what you use to do business. It depends on what type of business you have but it can be tools or machinery, inventory or raw materials, display cabinets, electronics, office equipment, furniture, and anything you use to do business. 

What is business owners’ insurance?

A business owner’s policy (BOP) is a commercial insurance policy that combines property insurance with liability insurance. By combining these two vital types of coverage into a single p[policy, the rate that you pay is often better. This policy is a good choice for a small or medium-sized business. 

Contact Bacon Insurance Group in Richmond, VA to discuss how we can help you with your commercial insurance. 

How To Avoid Small Business Risks

You have invested a lot of time, energy, and money in your business. In order to protect these investments, you need to understand how to avoid some of the most common types of risks. At Bacon Insurance Group, serving Richmond, VA, we can help you protect your company with the right insurance information and products. Let’s look at some tips to help your business.

How To Avoid Small Business Risks 

Stay Properly Insured

The most important step you can take to protect your business is to find a solid commercial insurance policy to suit your needs. Each business will be different, which is why it is imperative that you sit down with a knowledgeable insurance representative to talk about your particular needs. A commercial policy will cover many of the riskiest areas of your business to ensure that you are not put into a vulnerable financial position if something goes wrong. 

Train Employees Thoroughly 

If you want to avoid employee injuries and liability cases, make sure you invest time in thoroughly training your employees. A lack of training will leave employees vulnerable to injuries. A lack of training could also result in your employees mishandling products, putting customers at risk. 

Prioritize Safety 

Although you may be tempted to cut corners when it comes to safety, this can really cost a business a lot of money and trouble should something go wrong. Be sure you prioritize safety at your place of business, when your employees use company vehicles, and anytime they interact with customers. 

If you would like to learn more about commercial insurance, or any of our other insurance products, please contact us at Bacon Insurance Group, serving Richmond, VA, and surrounding communities. 

 

  • Anthem
  • Cigna
  • Donegal Insurance
  • Erie Insurance Group
  • Guard Insurance
  • Mercury Insurance
  • National General Insurance
  • Progressive Insurance
  • Travelers Insurance
  • United Healthkeepers
States

Servicing States

  • Virginia
  • North Carolina
  • Maryland
Testimonials

Testimonials

quote-icon Comparing Quotes - Made Simple

Compare your unique insurance quotes
online via our comparative quoting form.

Get Started Today!

Get A Quote!