Is My Business Underinsured?

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75% of American businesses are presently underinsured. Are you one of them?

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As a business owner, we know enough to have a business owner’s policy, or BOP, which covers property, general liability concerns and routine misfortunes, but according to Marshall & Swift/Boeckh, 75% of businesses in the United States are underinsured by 40% or more.

These statistics mean that you are dangerously vulnerable to the unexpected.  Your policy and any endorsements should carry adequate limits for all essential coverages, which include:

• Property insurance
• Business inventory/stock
• Business interruptions/loss of income insurance
• Crime/theft insurance
• Liability insurance

However, your business may have changed in the year.  Whether you’ve experienced an increase in revenue, hired more employees or bought additional equipment, your policy may be underinsuring what you’ve worked so hard to accomplish.

It’s time to reevaluate your coverage!

From Small Business Insurance to Large Commercial Insurance

Preferred Mutual’s business insurance provides protection for your building, contents, equipment, and income, as well as extra expenses needed to get you back in business. We offer coverage for 125 different types of businesses, some of which are listed below.

Our Business Owner's Program is designed specifically for the business owner. You are able to choose optional coverages to add to this comprehensive policy to fit your needs.

Our Commercial Package Policy provides a la carte coverage for many types of businesses.

Commercial Auto Insurance provides coverage and protection for business vehicles.

Talk to your independent agent about adding these coverages:

• Hired Auto & Non-Owned Auto Liability
• Computer Coverage
• Accounts Receivables
• Spoilage
• Employee Dishonesty
• Professional Liability
• Valuable Possessions Endorsements, including Floaters
• Enhancement Endorsement

Commercial Discounts are available for:

• Multiple Policies
• Central station fire or burglar alarms
• Local fire/burglar alarm
• Perimeter lighting
• Sole occupancy

Protect both your business and your bottom line with Preferred Mutual.  After all, the unexpected is going to happen.  And when it does, you’ll be happy to know you have a partner that can get you and your business back up and running!