Page 53 - AAA Magazine – AAA Ohio Auto Club – November 2019

Starting Your Own Business Have a Plan in Place to Protect Your Dream
Being your own boss can be exciting and fulfilling,
but it also requires a lot of preparation. Having a
solid business foundation and planning for the risks associated with starting your own business are essential for long-term success.
Business insurance might not be the most exciting part of starting your own company, but it’s an important step in the process. Business insurance protects your assets against damage, theft, natural disasters, legal claims and, depending on your industry, might even be required by law.
When you start shopping for business insurance,
you’ll soon discover that there are a lot of options. Every business will need a slightly different insurance plan depending on a variety of factors: number of employees, setting (i.e., home-based, office space, retail shop, etc.), geographic location, industry, products and services offered, tools and equipment used. Too often, small business owners give up on getting coverage because of how confusing and overwhelming the process can be, leaving them vulnerable to financial risk.
Fortunately, AAA’s business insurance experts can help walk you through the process and design an insurance
plan tailored to your company’s unique needs. Working with an agent who specializes in business insurance will ensure you have the appropriate types of insurance and the proper amount of coverage to protect your business – giving you peace of mind to focus on running and growing your business.
Once you’re open and ready for business, it’s important to keep in touch with your agent and re-assess your business insurance plan at least once
a year. As your business grows, your insurance coverage will need to be reevaluated. Purchasing or replacing equipment and expanding your operations are things that should be discussed with your insurance agent to ensure your business is protected with the right coverage.
Having a well-thought-out business insurance plan in place protects your dream and provides security if the unexpected occurs. Your AAA agent can discuss the business insurance coverage you need to protect your business at every step of your entrepreneurial journey.
To learn more, call 888-222-6446 or visit AAA.com/Business today, and start on what may be your most rewarding challenge yet.
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