Insurance

4 Critical Commercial Insurance Mistakes To Avoid

Posted on by admin

Storey Insurance provides coverage to the Senatobia, MS community, as well as the surrounding areas. We proudly serve the community as an independent agency. We are committed to helping our clients obtain the coverage they need to meet life’s challenges. Providing excellent customer service is important to us.

4 Critical Commercial Insurance Mistakes To Avoid

The Senatobia, MS economy depends on the success of small businesses. As a local business owner, obtaining a strong commercial insurance policy can give you a competitive advantage in the marketplace. Commercial insurance protects your investment. All of your equipment is covered in the event that it is damaged or stolen. You are also covered if your property is damaged due to a natural disaster or fire. Liability coverage protects you if a customer gets injured on your property or alleges that your products caused them harm. Workers’ compensation helps you protect your business while looking out for your employees. Here are some important commercial insurance mistakes to avoid.

Failing To Adapt

Consumers are looking for ways to make more efficient transactions. Generally, that’s through using the internet. Online transactions are completed within a matter of seconds. Your business can capitalize on this trend. However, it’s important that you add the necessary coverage. Cyber liability coverage protects your online network from hackers.

Relying On Personal Coverage

If you are working from home sometimes or using your personal car for work-related endeavors, add commercial coverage.

Failing To Protect Your Assets

Make sure that you have a strong liability policy. This ensures that your assets will never be at risk in the event of an emergency.

Neglecting Workers Compensation

A strong workers’ compensation plan helps you increase employee morale.

Storey Insurance Will Help You Protect Your Investment

Contact our office to learn more information about commercial insurance.

What Kind of Commercial Insurance is Necessary for Event Centers?

Posted on by admin

At Storey Insurance, we can provide Senatobia, MS businesses with the insurance that they need to avoid serious problems. But what about more niche companies like event centers? We can help with this type of policy by providing a specialized and unique policy option for each person.

Events Require Special Insurance 

If you run a business that hosts or plans events, you need to make sure that you have the proper insurance policy to ensure that you keep your business safe. The different options available will cover things as diverse as the setting up of your centers to lost income as a result of crimes. 

Thankfully, your commercial insurance will be more or less the same as you’d get for other company types. That said, you’ll have to carefully pick your policy to ensure that you get the best results. Doing so will ensure that you’re satisfied with your needs and avoid complications. 

Policy Options You May Need 

  • Property Insurance – This policy covers you if your event center gets damaged by clients. 
  • Liability Insurance – If guests get hurt or lose valuables at your center, this policy will help. 
  • Crime Protection – If somebody commits a crime at or against your center, you’re covered. 
  • Guest Property Help – This coverage helps replace or repair stolen or damaged guest property. 
  • Product Issues – If you serve food and somebody gets sick, you are protected by this policy. 
  • Liquor Insurance – Keep your facility safe from lawsuits by getting liquor liability insurance. 

Give Yourself Protection 

If you run an event center, and you’re worried about the dangers of financial loss, talk to us at Storey Insurance to find a policy. We’ll work with you to provide insurance for your Senatobia, MS business and keep your operation open and secure. We always do what we can to help local businesses thrive.

Types of commercial insurance for small businesses

Posted on by admin

As a small business owner in Senatobia, MS, insurance should come first. There is a whole wide world of commercial insurance out there for you to consider that helps protect your young business from various risks associated with day-to-day business operations. Storey Insurance recommends doing thorough research to ensure you buy only what you need.  Here are several types to consider.

General liability insurance

Every business needs general liability insurance. This policy protects your business claims of property damage or bodily injury liability. It also helps cover slander and libel claims. For instance,  if one of your customers slipped and fell while shopping at your store, the policy can help pay for their medical bills in case they’re injured.

Business interruption insurance

Disasters such as major storms can cause a wide range of problems that directly or indirectly affect small businesses. For instance, lack of internet or electricity due to a storm can cause business interruption, leading to massive loss of income. However, if you have business interruption insurance, your business will run as usual as the policy will take care of most damage.

Property insurance

If your business has a physical location, you will need to buy property insurance to protect the building and the contents. It also goes ahead to pay income lost in the event of a disaster that interrupted your business operations. Covered incidents include fire, theft, and storms, depending on your policy choice and limits.

Workers compensation insurance

Workers compensation is a mandatory policy for all businesses with employees. It doesn’t matter whether you own a small business or a large company. This policy pays for medical bills and lost income when an employee gets injured while at work.  

Need to buy any business insurance policy in Senatobia, MS?  Storey Insurance is here to help take you through the process of purchasing the policy you need based on your needs and budget. Call us today.

What is the benefit of having commercial insurance?

Posted on by admin

Senatobia, MS can be a great place for someone to start and run a business. As you are looking to start a company in this region, you will want to know you are protecting it as well as you can. A way that this can be done is by getting insurance for the company. A commercial insurance plan offers a few benefits that make it well worth the investment. 

Protection Against Liability Risk

An important reason for any business in this area of the state to get commercial insurance is that it can provide support and protection against liability risk. As you are looking to serve your customers, there will always be a chance that one could get hurt through the use of your product. As this could result in a sizable liability claim, having a commercial insurance plan to mitigate the risk is helpful.

Protection for Business Assets

You will also want to get a commercial insurance plan to ensure your business assets are protected. If you intend to start a company in this area, you will need to invest in various assets for the company. These often include inventory, office equipment, and other capital assets. As you will rely on these assets to grow and serve customers, protecting the assets is very important. If you get commercial coverage, you can protect these assets with insurance. 

Picking a commercial insurance plan in the Senatobia, MS area is always a good idea. As you are looking for an insurance plan in this area, it would be wise to call Storey Insurance. Those that would like this coverage will find Storey Insurance can answer all of their questions and ensure they receive the right protection. This can ensure that you are your business are properly insured at all times. 

The Benefits Of Commercial Liability Insurance

Posted on by admin

Storey Insurance serves the Hernando and Seantobia, MS community, as well as the surrounding areas. We serve as an independent agency. We help our clients assess their options so that they can make the best decision for their situation. We offer a wide variety of policies and have successful partnerships with several carriers around the South.

The Benefits Of Commercial Liability Insurance

Commercial insurance assists you as you operate your Hernando or Seantobia, MS business on a day-to-day basis. Owning a business is a significant investment, which is why you need to protect it. Commercial insurance covers you if your property and inventory are damaged or stolen. You are also covered if you have to cease operations due to a fire or natural disaster. One of the most important parts of your commercial insurance policy is liability coverage. Liability coverage can help you protect the future of your business.

If a customer walks into your property and accidentally gets injured, you will be held liable. If the customer decides to pursue litigation, liability coverage can prevent you from losing your assets. Liability coverage also protects you if a customer alleges that using your product caused them pain and suffering.

Having a strong commercial liability policy can give you an advantage over some of your industry competitors. It shows that your business is responsible. You are also showing that you value your customers, which should help you attract residents.

Having a strong commercial liability policy also shows that you are taking your role as a business leader seriously. Operating your business with integrity makes it more attractive to potential customers and investors.

Storey Insurance Will Help You Protect Your Investment

Visit our website today to learn more information about commercial insurance.

Who should get commercial insurance in Mississippi?

Posted on by admin

Business owners in Seantobia, MS will continue to find many different ways to be successful. As you are looking to establish or grow a business here, you should ensure that you get proper coverage for it. One great way to insure your company is by getting a full commercial insurance policy. There are a variety of scenarios when a small business owner here should get a commercial insurance policy.

Businesses With Requirements

One of the situations when a business here should get commercial insurance is when they have certain requirements. If your business has taken out a loan or raised other capital, there will likely be requirements that mandate the type of coverage you get. If you do not have a commercial insurance policy when required, you could find yourself in default with your lender or other capital providers, which could be costly for your organization.

Businesses that Want Protection Need Insurance

You will also want to get commercial insurance to ensure that your company is properly protected. A business will take on many different risks, including the risk of being sued for liability or if you lose a major asset. When you get commercial insurance, it will provide you with the coverage necessary to mitigate these risks. 

There are plenty of reasons for a small business owner in the Seantobia, MS area to get an appropriate insurance policy for their company. When you are ready to start looking for your next policy, it would be a good idea for you to call Storey Insurance. The team with Storey Insurance understands the unique needs that come with insuring a business. They can then help you to build a policy that will provide the right coverage for your situation. 

Tips for buying commercial insurance

Posted on by admin

As a business owner, you have lots of things to keep you up at night. One of them should not be your commercial insurance. The reason commercial insurance is so crucial to your business is it protects it from the things that can put you out of business. Commercial insurance is not the type of insurance that is identical for every business. Having an insurance agent who knows your business and the needs of that business is vital, and in Senatobia, MS, that is Storey Insurance. Here are a few tips for buying commercial insurance.

Assess your risk

You can’t expect your insurance agent to know your business better than you do. You need to understand what your weaknesses are and the areas that need protection. You also need to know anything that might be considered risky business and correct it if possible. 

Choose a reputable insurance agent.

Your insurance agency can make all the difference when it comes to choosing your commercial insurance. With all the different available components of commercial insurance, having an agent who takes the time to understand your business and only tries to sell you the insurance that is right for you is important. Nobody wants to pay more than they should, especially when there is no benefit to your business. 

Shop around

Either do the shopping yourself or go to an independent insurance agency so they can do the shopping around for you. Not every carrier provides the same level of service and the same pricing. You want to be sure you get excellent service but pay the best possible price. 

Bundle

By bundling some of the coverages, you may be eligible for discounts, or you may want to consider a business owner’s policy that pre-bundles several different coverages together. 

When you are ready to update or review your current commercial coverage, at Storey Insurance in Senatobia, MS, we are prepared to give you a no-obligation quote. Give us a call or stop in our office. 

What Can Commercial Insurance Cover?

Posted on by admin

When you run your own business, you know just how much work has gone into it. You’ve gone the extra mile to build it from the ground up, and the last thing you want to happen is for a minor issue to creep up and cause significant problems with how it functions. Commercial insurance can help with this. But what exactly can commercial insurance cover? At Storey Insurance, we’re able to help address these concerns, so if you live in or around Seantobia, MS, we want to provide you with all the answers and information you need to select the commercial insurance that’s right for you. 

Your Equipment

You don’t need to own a building to own the equipment inside. When your business relies on the equipment, you need to protect it as any shutdown can end up costing you. Commercial insurance can protect this. 

Your Payroll

Payroll insurance helps keep your employees paid should your business need to shut down. Maybe the property floods or the building is damaged, and you can’t work. With payroll insurance, your employees will continue to be paid. This way, your workers won’t suffer as you repair the building and get everything back up to speed. 

Vehicles and Property

You can protect the vehicles you drive and different aspects of your business property with varying commercial insurance coverage. 

Finding Commercial Insurance For Your Business

Your small business is essential, and as such, you need commercial insurance that goes the extra mile to protect it. Here at Storey Insurance, we want to do everything in our power to protect your company, which is why our staff proudly services you in Seantobia, MS. If you have any questions about small business, we are here to help. Give us a call with any questions you might have. 

When expanding my business do I need to increase commercial insurance?

Posted on by admin

Growing and expanding a business are critical goals for most entrepreneurs and business owners in Seantobia, MS. Regardless of the business type and size, it is always an exciting proposition. However, it also means increased business risk exposure and insurance needs.

That answers our question of whether you need to increase your commercial insurance every time you expand your business. Storey Insurance is here to help you throughout the process.

Workers compensation may increase

It is almost apparent that your worker’s compensation premiums may go up. This is highly dependable on the number of new employees that will be hired to help with the extra workload. Workers’ compensation insurance rates are typically based on the wages and salaries of the employees.

Increased work-related risks

Workers’ compensation reimburses employees for the income lost due to work-related injuries. More employees mean more risks on injuries to the employees irrespective of the type of business. This is likely to increase your premiums by your commercial insurance provider.

Changes in the nature of the business

There are high chances that your core business operations may change. For instance, if your business primarily dealt with wholesale products, you may want to buy vehicles for delivery purposes. Your insurance provider will need to increase your insurance to cover for the cars as well as the new drivers.

Expanding outside Mississippi

If you intend to grow your business into a neighboring state, get prepared to buy more than one commercial policy. Depending on the nature of the business, you may not need to buy two separate commercial policies but two worker compensation policies.

Speak with your Storey Insurance agent before taking a step on expanding your business. For policy inquiries and quotes, visit us in Seantobia, MS today!