Top Risks Faced by Business Owners

Top Risks Faced by Business Owners

Business risks you need to know.

Many people dream of setting up their own business. Some can’t resist the thought of being their own boss, doing what they love, and being the master of their own destiny. So, why don’t more people become business owners? Well, mainly because it’s risky. As a business owner, risk is just a part of everyday life. Take a look at just a few of the top risks that business owners have to address.

Protecting Your Property

Property holidays are often a small business owner’s largest asset. From fires to theft, you want to protect your business property. You’ll need to get small business property and general liability insurance to protect yourself against any business-related claims, such as a slip and fall and burglaries. Begin by taking a complete inventory of all your assets to determine how a loss might affect your business. This will help you understand how much insurance coverage you need.

Cyber Security

Cybercriminals target small and large businesses alike, and no business is immune to this risk. Many hackers target smaller businesses because they put security on the back burner until they have a larger cash flow. Obtaining cybersecurity insurance, as well as taking preventative measures to reduce Internet-based exposures, can help you reduce your risk of becoming a target for cybercriminals.

Business Interruption

How would your business continue if a weather storm strikes tomorrow? Do you have a loss prevention plan in place in the event of a fire? Does your insurance cover temporary relocation? In most cases, a business will benefit from having protection in place when a disaster does happen. Consider adding business interruption insurance to your property insurance policy, which covers operating expenses and lost income in the event something happens to your permanent business location.

Are you ready to receive the right coverage to protect your business from common risks? Contact the professionals at Lloyd S. Berkett Insurance Agency for quality business insurance. We serve Los Angeles, CA and surrounding cities with reliable coverage.

Lloyd Berkett Insurance

11150 W. Olympic Blvd.
Suite 610
Los Angeles, CA 90064

(310) 857-5757
(800) BERKETT | 237-5388
Fax: (310) 857-5750

Recent Posts

Welcome to Lloyd Berkett Insurance Agency

November 27, 2013

Company History

The Lloyd S. Berkett Insurance Agency, Inc. was founded in 1946 by Lloyd S. Berkett. Regarded as one of Southern California’s most successful, well-respected and innovative independent insurance agencies, ... Read More

Copyright © 2013 Lloyd S. Berkett Insurance Agency, Inc.

Customized & Managed by Stratophere Marketing Solutions