As a business owner, you probably consider commercial insurance an unnecessary expense. However, without it, you put yourself at risk of serious financial loss. You never know when something can go wrong, and without insurance, you are absolutely unprotected. Here is a list of other risks you may face when deciding not to purchase commercial insurance: 

What Are The Risks Of Not Having Business Insurance? 

Have you decided to skip commercial insurance and operate without it? Then, be prepared for the following risks: 

• Losing your property. Let’s say your business was damaged by an earthquake, flood, or anything else. If you have proper commercial insurance, it will cover your financial losses. However, if you do not, you will have to pay for everything yourself. 
• Leaving your employees without protection. Your employees play a significant role – they help keep your business afloat. This is why it is so important to protect them. However, without proper business insurance, you will not be able to do that. For example, if your employee gets injured at work, you will be responsible for their medical costs. 
• Interruption in business. There are so many things that can interrupt your business operations. Business interruptions can set your business back and make you lose thousands of dollars. Without proper commercial insurance, you will have to pay for all the damages and repairs yourself. You also risk losing both current and potential clients.

Looking For Insurance in Easton, PA?

If you run a business, you should have commercial insurance. It helps you avoid many risks and unnecessary expenses and keep your business secure. Do you run a business in Easton, PA or any other nearby town in Pennsylvania? Valor Insurance is here for you and ready to help. At Valor Insurance, we specialize in different types of insurance, including commercial insurance as well. Visit our office or give us a call today. 

At Valor Insurance in Easton, PA, we’ve walked plenty of experienced and new business owners through the process of obtaining commercial insurance over the years. One of the most common questions we receive is about whether Pennsylvania legally requires every business owner to obtain commercial insurance.

Since it can be costly to possess less than the minimum commercial insurance requirement and even cause legal problems, you’ll want to review the laws surrounding commercial insurance for business owners if you operate a business in Pennsylvania.

What is commercial insurance?

Simply put, commercial insurance is a form of protection for businesses that can cover liability, property protection, theft, and more. As you can imagine, it’s a vital source of emergency expense coverage for many business owners across the United States.

Even if it’s not legally required in your state or for your specific circumstances, it’s good to have commercial insurance if you own a business. It ensures that you’ll be able to handle almost any emergency financially as a business owner. That kind of peace of mind pays for itself.

Does Pennsylvania legally require all business owners to have commercial insurance?

At a minimum, Pennsylvania law requires businesses that have employees to hold worker’s compensation insurance, which is a type of commercial insurance that helps cover worker’s compensation expenses. If you have a company car, you may also need to purchase commercial auto insurance to meet minimum legal requirements.

Certain types of businesses such as home-based businesses may want policies that cater to home-based businesses. While commercial insurance isn’t always legally required in Pennsylvania, it’s almost always recommended to protect small businesses and large ones from financial devastation.

Contact Us Today

To protect your business, call Valor Insurance in Easton, PA today.

As a business owner, it’s important to take the necessary steps to prepare for an incoming storm. Here are some tips from us at Valor Insurance to help you get your Easton, PA area business ready.

Tips to prepare your business for a storm

1. Create a plan of action

Before a storm hits, create a plan of action that outlines what measures you’ll take before, during, and after the storm. This should include tasks such as moving items away from windows and doors, stocking up on supplies, and having an evacuation plan if needed. 

2. Back up your data

Make sure all important data is backed up in case of any damage or power outages. Data can be backed up onto portable hard drives or cloud storage services such as Google Drive or Dropbox. 

3. Protect your electronics

Unplug any sensitive electronics that power surges may damage during the storm. If possible, keep them away from windows and other areas where water could enter in order to protect them from damage. 

4. Prepare for flooding

Clear debris away from your building’s foundation and seal any cracks in the walls or flooring that could let in water during a flood. You should also have sandbags ready to help prevent flooding into your building if needed. 

5. Have emergency kits on hand

Keep emergency kits stocked with items such as flashlights, batteries, fresh water, non-perishable food items, first aid supplies, and anything else you might need in case of an emergency situation due to the storm. 

We Are Here To Help!

By following these tips, you can ensure that your business is prepared for an incoming storm and will stay safe throughout it! For more tips, call us at Valor Insurance today. We proudly serve the Easton, PA area.