Why do I need insurance after I close my business?

out-of-business-sign

You’ve poured your life into your business, but it’s finally time to hang up your hat and retire. You find a great buyer and sell the business, or maybe you just close up shop completely. Time for some traveling, some fishing … and no more worries about commercial insurance. Unfortunately, this may not be the case.


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Umbrella insurance a business necessity

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There is a misconception that only large companies or corporations need umbrella insurance, that the coverage is expensive and may be unnecessary. On the contrary, an umbrella policy is a vital piece of coverage that can protect you and your business from losses that exceed your primary policy limits.


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Understanding and controlling business auto costs

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It’s easy to understand why prices rise for manufactured or commodity-based products. When prices for raw materials increase, the cost of the product goes up. It’s not as easy to understand the cause of higher prices in a service-based industry such as insurance. Many factors can affect the cost of insuring a business vehicle.


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