Starting Your Own Business? You’ll Need Business Insurance

Today’s economy calls for creativity. How so? Many of us are finding a reduction in our income due to layoffs, less overtime, or definitely an increase in expenses. Being creative can get you out of debt. One family in jeopardy of losing their home, made and sold “mortgage bread.” It became very popular and now is a home based business. They even took online orders. They got out of debt and saved their home from foreclosure.  Another family I know took a chance, pulled their resources, wrote a business plan, contacted the small business administration for help, and bought a local daycare that the owner needed to sell due to family care needs. It is now a family run business and no one has to worry about losing their job…at least not for the next two years – they have a waiting list.

Small Business Ideas

Others in need of added income have kept their day job and started their own home business. Small business ideas include car repair, painting, lawn care, tutoring, dog walking, web development, computer repair, or an internet business.  If you find you have a need and you can’t find what you are looking for, then that might open up a niche for your small business opportunities. The possibilities of business ideas are endless.

Small Business Insurance

When starting your own business, there is an important aspect to its startup that must be considered after you have your business plan. Most states require business insurance to cover liability. The business insurance regulations in New Jersey may be different from those for business insurance in Hawaii. It is always good to look carefully into what insurance is required before you start your business, no matter how small or large. Liability covers a broad range of issues.

Business Insurance Quote

After you have thoroughly researched the insurance requirements in your state, the next step is to get a business insurance quote. I worked for an insurance agent before I became a teacher. I can tell you it is best to take the time to speak directly to an insurance agent for they are the experts and can recommend the insurance coverage you need to keep your business and your family safe. Insurance agents can recommend the best companies that can provide you with the best insurance coverage you need as required for your business.

Online Business Quote Services

To save you time and money, your first inquiry into business insurance coverage should be to get as many quotes as possible. By doing so, you will be able to make an educated decision. CNNMoney, Oprah, Today, and the Wall Street Journal also suggest you do so. One of their recommended online sources is Netquote small business insurance.  You’ll be able to comparison shop for business insurance without a fee from their large network of providers which will save you both time and money.