BUSINESS INSURANCE IS A MUST

By Mark Gannaway, CPCU

From one business owner to another, having the correct insurance in place is not easy and not inexpensive. For Arcana Insurance Services, we dread paying insurance premiums just like you do. But prudent business owners are always concerned about large uninsured losses that could damage their financial well-being or worse, put them out of business.

To give you an idea of what coverages to review with your insurance agent, Arcana purchases a Businessowners Package policy, Businessowners Automobile, Directors and Officers, Crime, Professional Errors and Omissions, Worker’s Compensation, Commercial Umbrella and Health Insurance for our employees. That’s a lot of insurance and a lot of money. But this list also reflects the many financial dangers we all face every day of the year.

Other insurance options you should consider include flood insurance for your office location; and if you are a sole owner or have a business partner or partners, Key Life insurance to fund the Company’s expenses for a period of times such as tax implications.

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