What Makes a Great Insurance Agent?

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What Makes a Great Insurance Agent?

When you are shopping for any type of insurance, you are going to want the help and advice of someone who understands the insurance business and who is truly interested in helping you protect yourself rather than making the most money. Unfortunately some insurance agents are in the business for their own benefit and will not tell you when you are paying too much or are buying insurance that you simply don't need. I am a former insurance agent, and I have seen the best and worst. This blog is about noticing red flags when it comes to sneaky insurance sales people and about finding the signs of a truly good agent.


Do You Need To Pay For Business Insurance Before Opening A Liquor Store?

The logistics that go into opening a small business are incredibly capital intensive. From paying for the lease of your new brick-and-mortar space to recruiting staff and even purchasing stock, you probably cannot wait to start making sales so that you can recoup some of the capital that you have invested. Therefore, when it comes to paying for yet another expense, you understandably could be unwilling to spend more money.

The trick to saving on the costs of business insurance is to narrow down the policies that would be most beneficial for your establishment. To help you with that, here are some of the different business insurance policies that you should pay for before opening a liquor store.

Property insurance

Without a doubt, the most relevant policy that you should obtain for your liquor store is business property insurance, and this can be attributed to a few reasons. This type of insurance policy works to ensure you are compensated in the event of any damage to the brick and mortar premises. Fire, for example, is a serious threat to your business, more so since alcoholic drinks are highly flammable. Thus, to be on the safe side, it is essential that you pay for this policy.

Another reason why business property insurance is indispensable for your liquor store is that the policy can encompass the business-related items in your shop. Your inventory, for instance, is undeniably expensive to source. Hence, you should take measures to ensure if the stock is damaged or stolen, you can receive adequate compensation. Other business-related items that can be protected by this cover include the computers used to run your liquor store, the shelves, storage boxes, and more.

Liability insurance

You could be thinking that purchasing general liability insurance for your liquor store would be overkill considering that you are simply selling alcohol to drinking-age adults, but you would be mistaken. In fact, running a liquor store exposes you to a wide array of risks that could end up costing exorbitant amounts of money in lawsuits and compensation. For example, if one or more liquor bottles are to drop on the floor and a customer slips and falls before you get to clean up the spill, you could be sued for the injuries sustained by the customer.

On the other hand, if you make a mistake in your print marketing materials and end up falsely advertising your business, you could face a lawsuit for these errors. To mitigate the threat of financial losses that would put you out of business, it is best to purchase general liability insurance.

For more information, contact an insurance agency that offers business insurance policies.