Do you know the driving factors of Pennsylvania Homeowner’s Insurance premiums? You may be surprised. Most homeowner’s insurance premiums are based on what you would expect, such as the physical details of the property, overall construction costs in your area, and the type of coverage you want for the house (replacement cost or actual cash value).
Are you uncertain whether you have adequate insurance for your small home-based business? You may have been relying on your Pennsylvania home insurance policy to provide protection from some of the risks of your business, but as your enterprise grows you may be at risk of being underinsured.
Unless a business owner has a healthy cash reserve it’s likely that cash flow will be uneven in the first months and years after launching a new business. Purchasing Pennsylvania business insurance can protect the business from having to use business funds to recover from disastrous events like extreme weather, fire or accident.
Do you have an up-to-date, accurate inventory of your business assets and property? A business inventory is a useful document that can save money, time and trouble.