Buying insurance for your business is an important step protect your business and your customers. Brett Wyatt Insurance Agents will take the following steps to insure you have the right coverage for your business.
Access Your Skill
We work diligently to determine the level of risk companies accept when issuing policies. This process is called underwriting. We and the insurance companies will review your application and determine whether it will provide all or a portion of the coverage being requested. Each underwritten policy carries a premium and a deductible. A premium is the price you pay for insurance. Premiums vary widely among insurance companies, and depend on a number of risk factors, including your business location, building type, local fire protection services, and the amount of insurance you purchase. A deductible is the amount of money you agree to pay when making a claim. Generally, the higher deductible you agree to pay, the lower your premium will be. However, when you agree to take on a high deductible you are taking on some financial risk. So, it's important to assess your own risks before you go shopping. Our goal at Brett Wyatt is to help you through this process.
Review and Present Different Business Owner’s Policies
Insurance can be purchased separately or in a package called a business owners' policy (BOP). Purchasing separate policies from different insurers can result in higher total premiums. A BOP combines typical coverage options into a standard package, and is offered at a premium that is less than if each type of coverage was purchased separately. Typically, BOPs consist of covering property, general liability, vehicles, business interruption and other types of coverage common to most types of businesses. BOPs simplify the insurance buying process and can save you money. However, make sure you understand the extent of coverage in any BOP you are considering. Not every type of insurance is included in a BOP. If your business has unique risks, you may require additional coverage. Our agents can help you every step of the way. We win when we provide you with the best coverage that meets the individual needs of your business.
Assess your Insurance Coverage on an Annual Basis.
As your business grows, so do your liabilities. You don't want to be caught underinsured should disaster strike. If you have purchased or replaced equipment or expanded operations, you should contact Brett Wyatt Insurance Agency to discuss changes in your business and how they affect your coverage.
Complete the form below and one of our agents will contact you shortly to help find the right business insurance policy