Aplaz Group Inc.
Negotiates, manages, and administers your business insurance needs.
Running a small business requires significant investment. But what happens when the unexpected occurs? Events like the death of a partner, an injured employee, a lawsuit, or a natural disaster can threaten your hard work. Therefore, mitigating these risks through best business practices is crucial. Specifically, business insurance protects your investment by minimizing the financial impact of such unforeseen circumstances.
Generally, it’s considered a best business practice to purchase sufficient insurance to cover all your assets. While structuring your business as an LLC or a corporation can shield your personal assets from business liabilities, neither structure replaces the need for liability insurance. This type of insurance protects your business itself from potential losses.
Furthermore, your state government mandates certain insurance requirements for businesses. Typically, most states require businesses with employees to carry workers’ compensation insurance, unemployment insurance, and state disability insurance. In addition, your state may also require specific insurance based on your business activities. For instance, if you use a car or truck for business purposes, you’ll likely need commercial auto insurance. Finally, don’t forget that your financial lender or investors might require you to maintain life, business interruption, fire, flood, or other insurance types to safeguard their investments.
Consequently, We are here to help you address all potential risks to your business!
To learn more about our Business Insurance Services, please contact a payroll administration service specialist at (775) 525-0247 or simply click the contact button below: