When evaluating your general liability needs for your business, below are some factors to take into consideration:

• What type of business do you have?
• How big is your business?
• Who are your customers?
• Where is your business located?
• How many employees do you have?
• How experienced are your employees?
• Where is your business housed?
• Do you have sole proprietorship?

The more risk you take on, the more coverage you will need. As your business changes and grows, you will find your insurance needs will as well. It is always best to monitor your business operations and consult with your licensed independent agent to ensure you have the protection you need.

There’s a variety of ways to lower your insurance costs, including working with an independent insurance agency committed to quoting the best coverage for your budget, like Midwest Heritage Insurance Services. Our experienced agents can help you identify ways to reduce your personal and business insurance expense. Contact us today to learn more.

In addition to your property insurance for brick-and-mortar buildings, business personal property includes tangible items used in the operation of a business that are not permanently attached to a building, such as furniture, inventory for sale, raw material, furnishings, office supplies, electronics, equipment, machinery and much more.

Our team of licensed, experienced commercial insurance agents can provide you with a free risk analysis to determine the insurance coverage needs of your business.

First, business income exposure is used when coverage is triggered by commercial property damage from a loss that causes a slowdown or suspension of its operations. To calculate your business income exposure, take your total revenue and subtract your expenses that will not continue (including operating expenses).