Thanksgiving Dinner vs Small Business Insurance

With the Thanksgiving holiday coming up, it’s all that most people can think about. The responsibilities of owning a business can’t be put on hold just because there is a holiday. You still need to have the right type of insurance and you still have to effectively manage all of your day-to-day business operations. During the holidays, it may be easier to think of your business insurance needs like you would think of your Thanksgiving dinner. It may help you keep things in perspective when you go over your commercial insurance needs.

Workers’ Compensation Is the Foundation

Workers’ compensation insurance is the foundation of your commercial insurance policy. Just like your turkey is the foundation of your thanksgiving dinner, workers’ comp insurance protects your employees and keeps your business moving forward. Your turkey is the main part of your meal just like your workers’ comp policy protects everything your company is built on.

Business Owners’ Policies Are Customizable

Business owners’ policies are customizable, much like your Thanksgiving dinner. Not all businesses are the same. Some have no employees but have an excessive amount of inventory. Others have many employees and offer more services and less inventory. BOP policies allow you to create your own policy, just like you create your own plate during Thanksgiving dinner. You choose only the policy options you need for your business. During Thanksgiving, you choose only your favorite foods.

Commercial Package Policies

Commercial package policies are similar to the family recipes that are passed down from generation to generation. Policies must be adapted as your business grows and changes. Recipes for your favorite dishes can also be changed and adjusted to meet your dietary needs. Keeping your business insured means that reviews must be performed on a regular basis. Being able to adapt your policies will still keep your business in good shape even though minor changes are made.

Employment Practices Liability

Things can sometimes happen during your Thanksgiving dinner that prevents you from having the meal you want. You need a backup plan. The same is true for your business insurance. Things change and you need to adjust your policies so your business is fully protected. Know your risks and constantly try to keep your liability risks as low as possible. Just like you always have a backup plan for Thanksgiving dinner, make sure you have a backup plan for your insurance too.

Tying It All Together

When you start to plan your Thanksgiving dinner, you need to make sure you have a list of foods, the recipes, and enough people to bring all the different types of dishes. The same is true for your business insurance. You need to make a list of all the policies you need in the same way you would build your menu for your family dinner.

Our agents here at Pittman Insurance Group, LLC would like to wish you and your family a happy and safe Thanksgiving! We are here to help you with all of your commercial insurance needs! Our agents can make business insurance policies easy to understand and answer any questions you may have while we are putting your policy together.

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