Richard C. Beggs Agency, Inc.
We shop the insurance market place so you don't have to.
Business Insurance
BIG
or small, every business needs protection from unforeseen losses.
Small business needs and concerns are actually very similar to those of larger corporations. We can provide small business with the same quality of coverage and service as the "big" boys are receiving.
We can help you save money on your Workers Comp including audits and return to work programs. Property, liability, business interruption, and equipment breakdown coverage are just a small set of coverage's our agency has available to insure the financial continuation of your business.
It doesn't matter what your business' size or needs are, you can get the same quality coverage and service - at the appropriate level and for the best price available.
Benefits
A Program Customized Just For You -- You expect coverage and advice just like the larger companies, even though your needs may be different. We have plans designed for retail, wholesale, office, and service businesses to respond with just the right level of protection and claim service you need and can afford.
Special Programs
I'm just getting my business started. Do I need insurance immediately?
Yes, because the chance of suffering a loss begins with the first day of business. You can't get help after the fact. If you suffer a loss and have no insurance or have improper or insufficient coverage, there is very little, if anything, your insurance agent can do to help you. You must be prepared for the risks that are inherent in any business and the losses, sometimes catastrophic, that they can cause.
Also, many states and local jurisdictions require that businesses be insured to begin operating. And if you rent space for your business, your landlord probably requires that you be adequately insured as well.
I don't have any major business assets. Why do I need insurance?
Every business has some property. And, when you think about it, your business is your property. Just like your home and your car, your business needs to be protected from loss, damage and liability. In addition, your business is your source of income, so you need protection from the potential loss of that income.
Generally, there are two types of insurance - property and liability. Property insurance covers damage to or loss of the policyholder's property. And if somebody sued for damages caused by you or your possessions (other than a vehicle covered by your insurance policy), the cost of the suit -- both defending it and settling it if necessary -- would be covered by your liability insurance.
Does insurance coverage vary for different businesses?
It can. Many small businesses are now insured under package policies that cover the major property and liability exposures as well as loss of income. A common package policy used by many small businesses is called the Businessowners Policy (BOP).
Generally, these package policies provide the small-business owner more complete coverage at a lower price than separate policies for each type of insurance needed. Your agent can help you decide which policy or policies are right for your business. Additional coverage for property, liability or perils or conditions otherwise excluded (e.g., flood protection) can be purchased as endorsements to a standard policy or as a separate, second policy called a difference-in-conditions (DIC) policy.
Because businesses vary, it is impossible to have a standard policy to cover all contingencies. Also, some businesses, regardless of their size, do not fit the profile of a standard businessowners policy. For example, restaurants, wholesalers and garages have special liability needs that are not met in the standard businessowners policy. Your insurance agent can advise you of the best policy (or policies) to protect you and your business.