Top Business Risks

The Top Risks Businesses Face:

• Property damage from fire, storms and accidents
• Liability in many forms, including product liability, accident/injury liability, libel, malpractice and professional liability or "errors and omissions" risk
• Fraud, embezzlement, extortion
• Cyber crime and data loss

Every business, large or small, has unique risks. Some have workers who operate heavy machinery or drive vehicles while on the job; while others serve food and alcohol, or handle toxic substances. Physicians and hospital staff handle patients, body fluids, sharp needles and equipment. Some employees handle sensitive documents or money, potentially opening the door to fraud. For this reason, every company needs commercial insurance coverage specifically matched to the risk of their organization.

Determining your risks and making sure you have the right commercial insurance requires an assessment of many factors, including:

• Your business needs
• How you serve your customers
• How many employees you have on staff
• The materials or substances handled by those employees
• Whether your employees drive in the course of their work
• The safety of your building, equipment and processes
• The security of your data and intellectual property
• Risks facing your corporate officers

To assess your business insurance needs properly starts with contacting an insurance agent specializing in commercial insurance. For a consultation regarding your business insurance needs, call to talk with one of our Business Risk Specialists - (580) 223-7300 or (800) 797-3371.

(from Better Business Insurance, Trusted Choice Commercial-www.trustecchoice.com)

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