Why You Should Have Dashcams on Your Commercial Fleet

A commercial fleet is necessary for any business that needs to travel around to provide services, deliver products, or even transport products back and forth. Another necessity in the modern era is outfitting your commercial fleet with technology that helps your fleet become more productive, improve safety, and deliver other benefits that can be achieved with modern tech. One such essential piece is the dashcam. Here’s why you should have dashcams on your commercial fleet and why they will prove to be helpful after you enlist our services here at Storey Insurance in Senatobia, MS.

The Importance of Dashcams for Your Commercial Fleet

The reality of being in an accident is that mistakes can be made. Whether you’re injured or panicked, chances are you could end up missing key evidence, saying something that could put you in legal hot water, or even forgetting to gather essential information, regardless of whether the driver stayed or fled. That’s where dashcams come in. Dashcams provide irrefutable evidence of the events leading up to an accident, either capturing it on video or capturing it on video while also getting audio between drivers. More than that, you can install several dashcams to get different views for more comprehensive coverage. As a business owner with a commercial fleet, this investment helps keep your drivers and your business safe and ensures you have what you need to file claims and get compensated. Dashcams might seem like relatively small customizations in comparison to the other things you can do to your commercial fleet, but it’s a piece of tech you don’t want to forget.

Secure Commercial Insurance with Storey Insurance

We make it easy to find commercial insurance policies like commercial auto insurance so you can protect your business in Senatobia, MS. Compare quotes with us at Storey Insurance today!

Types of commercial insurance that most businesses can benefit from

Running a business inherently involves risk. Predicting all the potential issues that could harm your business is impossible, but commercial insurance provides the best possible protection. At Storey Insurance in Senatobia, MS, we offer our commercial customers personalized service and conduct a risk assessment to identify the most significant risks to their business.

Commercial Property Insurance

Commercial property insurance is crucial coverage, even if you’re renting your business space. If you own the building, it provides similar protection to home insurance. Beyond that, it covers the essentials for conducting business. This includes inventory, display units, registers, records, and office equipment for a retail business. For a factory, it covers machinery, raw materials, inventory, tools, office equipment, and more.

Commercial Liability Insurance

Each year, one in three businesses faces a lawsuit. This alarming statistic highlights the importance of commercial liability insurance. Not only could you face a judgment against you, but the legal costs could put you out of business. Commercial liability insurance helps protect you and provides the funds needed to keep your business operating if you’re sued.

Business Interruption Insurance

When a covered peril impacts your business, your income flow stops, but your bills don’t. Business interruption insurance provides the funds to pay your bills and allows your business to recover.

Contact us at Storey Insurance in Senatobia, MS, and let our team provide the choices an independent insurance agent can offer.

What can happen if a Mississippi business does not carry commercial insurance?

Commercial Insurance: Safeguard your Business in Senatobia, MS

As a business owner in the Senatobia, MS, area, you can reap numerous advantages from the local economy’s vibrant dynamism. However, it is vital to ensure that your business is constantly secured with Insurance coverage. Proceeding without adequate insurance can lead to various unforeseen implications.

Potential Financial Losses

One of the chief consequences of not having commercial insurance is that your business can face financial losses. A commercial insurance plan provides financial protection to a company in various ways. It offers crucial support in case you are liable for an accident or lose assets due to theft or damage. Commercial insurance provides coverage in all these situations.

Violating Agreement Conditions

Without commercial insurance, your business could potentially violate agreement stipulations. Commercial insurance provides significant coverage for businesses. Due to this, many stakeholders like lenders, customers, vendors, and investors require that you maintain it at all times. If you don’t carry commercial insurance when required, you could inadvertently violate significant agreements or face other penalties.

Acquiring Commercial Insurance with Storey Insurance

Ensuring your business in Senatobia, MS has adequate commercial insurance should always be a top priority. When you’re ready to explore insurance coverage for your business, connect with our team at Storey Insurance. Our professionals are equipped to evaluate and understand the specific risks associated with your business and craft a fitting policy accordingly. Working with Storey Insurance is your first step to ensuring your business has the right amount of protection.

How Commercial Insurance Protects You Against Cyber Threats

Do you collect personal or medical information from clients in your line of business? With the rising tide of hackers targeting small businesses, adding cyber insurance to your policy is a sensible move. The knowledgeable agents at Storey Insurance in Senatobia, MS, are ready to help you understand cyber insurance and what it covers.

What Protection Does Cyber Insurance Provide?

Adding cybersecurity to your commercial insurance policy generally assists in compensating for financial losses that occur after a cyber-attack. These losses may encompass data recovery, extortion, hacking, and notification costs. Our team stands ready to help you comprehend the different types of coverage available and their potential benefits to your business.

What’s Included in Cyber Insurance?

It is mandatory under state and federal laws for businesses to notify their clients following a data breach involving their personal information. Cyber insurance can assist in covering the costs related to the notification process.

If your computer systems are compromised, you might be required to bear the expense of restoring personal identities. In addition, data breaches involving the theft of personal information could invite lawsuits, meaning you should ensure your insurance covers legal fees.

In some circumstances, hackers might corrupt or eliminate sensitive data. As a result, you might need to enlist the services of data recovery experts to retrieve data and rehabilitate computer systems affected by the attack.

What If Hackers Hold Your Company for Ransom?

Ransomware can deny you access to your own computer systems. With cyber insurance, you are provided aid in meeting ransom demands or attempting to apprehend the responsible parties. Cybersecurity specialists can help steer you through the complexities of recovering missing or stolen data. There are also privacy regulations and policies that you’ll be required to comply with. With the right insurance, you can afford to bring in experienced experts to guide you through recovery.

To schedule an appointment or request a cyber insurance quote, contact the team at Storey Insurance in Senatobia, Mississippi.

Five Ways Commercial Insurance Helps Senatobia, MS Businesses to Thrive During Tumultuous Times

Today’s unpredictable business landscape calls for Mississippi business owners to protect their proprietary investments against potential risks. Trusted insurance professionals at Storey Insurance in Senatobia, MS can help protect your enterprise with commercial insurance.

How Businesses Thrive During Tumultuous Times

Having the right insurance can make all the difference during tumultuous times. Unexpected business shutdowns from natural disasters like hurricanes, tornados, or fires can leave local business owners reeling from financial fallout. 

Get Liability Coverage and Property Protection for Business Owners 

Accidents on your premises can lead to lawsuits, liabilities, and claims for medical damages or bodily injury. Commercial insurance with property protection can shield your business from these costly claims. 

Business Interruption Insurance Benefits

Sudden shutdowns can lead to financial losses that can throw a wrench in your everyday operations costs for purchasing products, meeting payroll, and business-related expenses. Talk to a trusted agent to find out how business insurance can help keep your business running during times of crisis. 

Protect Your Employees with Worker’s Compensation

Work-related injuries or illnesses can severely impact your business and employees. Business insurance with workers’ compensation coverage can help replace lost wages, cover medical expenses, and show commitment to the safety and well-being of your employees. 

Cyber Liability Shields for Data Protection 

Today’s businesses rely heavily on the use of computers and databases filled with proprietary customer data to keep their operations moving. Protect your customer data, proprietary files, and operating systems from breach or attack by investing in commercial insurance with cyber protection. Avoid the devastating effects that a shutdown, natural disaster, or workers’ compensation claim can have on your business.

Contact the experts at Storey Insurance in Senatobia, MS, and get a commercial insurance quote today! 

Oft Forgotten Commercial Insurance

At Storey Insurance, we help Senatobia, MS businesses protect their financial security with commercial insurance. In this blog, we address the types of commercial insurance coverage that many companies need but that they do not think about purchasing.

An Immense Variety of Commercial Coverage

Because businesses vary vastly in their needs, commercial insurance evolved to offer many coverage options. Ideally, a business owner sits down with an insurance agent to determine the necessary coverage and then undergoes a policy review annually to account for business changes and growth. During these meetings, we’ve noticed a few coverage types that business owners don’t realize they need out of the more than twenty-five coverage options available.

Commercial Auto Insurance

As businesses grow, their owners often purchase a vehicle devoted to the company. Although they drive this business vehicle only for work, they don’t realize it requires commercial auto coverage. A company needs to add commercial autos as soon as it purchases its first fleet vehicle, not once it owns many fleet vehicles. Although any company with a car needs this coverage, common business types include restaurants that deliver food, catering businesses, construction contractors, plumbers, and electricians.

Glass Insurance

Glass coverage applies to plate glass windows, mirrors, and safety glass. Some clients assume that these items earn protection from the structural coverage on their building, but that covers the foundation, walls, framing, and roof, not the glass. The most common businesses needing this include dance studios, retail shops, and office complexes.

Cyber Liability Coverage

Even businesses that do brisk business online sometimes neglect to tell their insurance agent that fact. They don’t know about cyber liability coverage and how it differs from general liability. As long as a business has a website and communicates online with clients, it needs cyber liability coverage to protect it from financial loss if its website or client database gets hacked.

Contact Storey Insurance Today

Don’t miss out on the commercial insurance your Senatobia, MS business needs. Contact Storey Insurance for an insurance review and update your commercial policy.

Importance of Including Business Interruption in Commercial Insurance

In the case of a natural disaster or fire, you could remain closed for some time. If this happens, and you have business interruption insurance, you can receive coverage to help you pay for operating expenses until you open your doors again. At Storey Insurance in Senatobia, MS, we have agents ready to discuss all of your commercial insurance needs.

What Is Business Interruption Insurance?

This type of coverage, also called business income insurance, can help your small business recover from suspended operations. It works in conjunction with commercial liability and property insurance, and you can meet with one of our agents to ensure that you include this in your policy.

Why Do You Need Business Interruption Insurance?

Depending on how your policy is written, business income insurance may cover fixed expenses, including expenses to operate elsewhere while your business location undergoes repairs and restoration. This insurance also compensates you for lost revenue while your business remains closed. Ask your insurance agent how to bundle business interruption with other coverage for peace of mind and economic security.

What Does Business Income Insurance Pay For?

This coverage doesn’t replace commercial property insurance, which pays for physical damages. Instead, it covers lost income while you remain closed for repairs. Depending on your specific policy, business income insurance may also cover lease payments, employee wages, relocation costs, loan payments, and taxes.

Note that business interruption insurance doesn’t cover losses due to earthquakes, flooding, and other events that require a separate policy. Typically, it doesn’t protect your business from losses due to pandemics or other health emergencies.

Contact Storey Insurance in Senatobia, MS, for assistance in setting up business interruption insurance for your business.

How workers compensation insurance can protect you and your employees

Workers’ compensation insurance from Storey Insurance is a protection that every business should have in place for their employees. It provides financial assistance to cover medical expenses and lost wages should an employee be injured while on the job. This type of insurance covers costs related to illness, disability, or death resulting from workplace accidents or conditions arising from job-related activities here in the Senatobia, MS area.

Having worker’s compensation insurance in place can be a lifesaver for employers and employees alike. It protects both parties from legal liabilities stemming from workplace injuries or illnesses, absolving employers of responsibility with regard to any claims made by an injured employee. In addition, it also helps ensure that injured employees receive the care they need without worrying about out-of-pocket expenses that they might not be able to cover on their own.

For employees, workers comp insurance ensures they are taken care of in case of an accident or injury. No one wants to be left with medical bills due to a workplace injury, and workers’ compensation insurance ensures the employee is covered for these costs regardless of fault. Having this type of safety net in place can provide peace of mind while assuring employees that their employer cares about them and their well-being. 

Having the right worker’s compensation policy in place can make all the difference for employers and employees. Not only does it protect everyone involved from potential legal issues, but it also helps ensure that anyone who gets hurt on the job will have access to quality health care when they need it most.

For more information, give us at Storey Insurance a call today. We are proud to serve the Senatobia, MS area.

3 Common Mistakes to Avoid When Buying Commercial Insurance

When the Storey Insurance team helps Senatobia, MS business owners purchase commercial insurance, we aim to ensure you get great coverage for your needs. Unfortunately, some common mistakes businesses make when choosing a policy can end up costing them more money down the line or leave them vulnerable to financial loss due to an unexpected incident.

Here are three mistakes to avoid when you shop for commercial insurance:

1. Not getting enough coverage 

One of the most important things to remember when buying commercial insurance is that it’s better to err on the side of caution and get more coverage than you think you need. This prevents gaps in your policy that could leave you vulnerable if an incident happens and you need to file a claim.

2. Choosing an insurance provider without researching them 

Another mistake businesses make is selecting an insurance provider without researching first. It’s vital to ensure the provider you choose is reputable, covers your specific needs, and has a good customer service record.

3. Focusing only on the price 

While finding a policy that fits your budget is essential, don’t make the mistake of focusing solely on the price without considering other factors. Make sure you are getting enough coverage and working with a reputable provider first and foremost, then consider any discounts or additional add-ons they offer.

Reach Out To Us

At Storey Insurance, we know that finding the right commercial insurance policy can be a daunting task. That’s why our team is here to answer questions and provide guidance every step of the way. Avoiding these three common mistakes will help ensure you get the coverage you need at a price that fits your budget. Contact us today to learn how we can help you protect your business in the Senatobia, MS area.

How Specialized Is Commercial Insurance?

When you come to Storey Insurance to buy insurance for your Senatobia, MS business, you might think that the phrase commercial insurance refers to a single policy. Instead, it refers to a category of insurance with more than 25 options. Those options get pretty detailed.

Here we explain the specialized types of commercial policies, such as glass insurance, boiler insurance, malpractice, E&O, etc., and which business types need what type of coverage. Not every business needs every type, and it makes smart fiscal sense to only purchase what you need.

Commercial Insurance Specializations

  • General Liability Insurance – Every business needs liability coverage.
  • Workers’ Compensation Insurance – Every business that hires employees must legally obtain workers’ comp coverage.
  • Professional Liability Insurance – Otherwise known as malpractice insurance, medical professionals, especially doctors and nurses, carry this policy. So do attorneys.
  • Errors and Omissions (E&O) Insurance – Many physicians also carry E&O coverage if they make medical devices or fit them. Manufacturers also carry E&O.
  • Commercial Auto Insurance – Any business that operates a vehicle as a part of the business, such as for deliveries or item pickup, must carry this insurance.
  • Commercial Property Insurance – If you own a building used for business purposes, you need this coverage. Think of it as homeowners’ insurance for your office building.
  • Business Owner’s Policy (BOP) – Most small businesses carry this policy that actually bundles the four most commonly purchased commercial insurance policies into one package and offers them at a reduced premium.
  • Hired & Non-Owned Auto Insurance – Chauffeurs and those who drive a taxi, Uber, or Lyft need this policy.
  • Tools & Equipment Insurance – Any business, such as carpenters, plumbers, electricians, computer programmers or technicians, etc. that relies on specialized tools and equipment needs this policy to protect it.
  • Liquor Liability Insurance – Restaurant and bar owners need this policy type.
  • Product Liability Insurance – Manufacturers of any type of product from makeup to motor oil, exercise equipment to tool belts, need this policy.

Give Us A Call

The term business insurance sounds simple, but its many types of policy complexify it. Contact Storey Insurance serving Senatobia, MS for more information on which policies you need to best cover your business.