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Tuesday, July 22, 2014

4 Tips for Purchasing Business Insurance

Insurance is complicated. As a business owner, you have enough on your plate running your business —  insurance should be one less worry.  

  1.  Understand Your Risk – Each industry is unique and has it’s own set of risk exposures.  Once  you consider where something can go wrong – injury, loss of income, theft, fraud, etc., then you can begin to determine how to protect your business from the exposure.  There are several ways to minimize or eliminate the risk factors.  Then you can implement strategies such as safety programs, employee training, and insurance solutions.  Your Trusted Choice Agent can assist you with your risk assessment and provide you with options for protecting yourself and your business. 
  2. Consider a Business Owner’s Policy.  For a smaller business, a property/liability/auto/business interruption combination policy may be a cost-effective solution for tailoring coverages to your business.  A separate policy may be required for unique risks.
  3. Find a Reputable Licensed Agent who can shop around for you.  A Trusted Choice Agent will help you identify your risk exposures and offer personalized coverages for you to consider.  Finding a good Insurance Agent is as important as finding a good Accountant or Lawyer. Choosing an inexperienced Insurance Advisor could cost you in the long run.
  4. Assess Your Coverages at Least Annually.  As your business grows, your insurance needs may change.  Keep your Trusted Choice Agent informed on operational changes so that you may be well protected.  Many policies are calculated  based on estimated sales or staffing.  If you have a great year, and your sales sky-rocket, so will the cost of your insurance.  Be sure you review your sales and staffing quarterly and let you Agent know of any significant changes, so that you can avoid a major surprise at the end of the policy term.

The Small Business Administration has some helpful information at, and Price Waterhouse has a good paper on Risk Assessment:   Another good resource is at

Your Trusted Choice Insurance Agent, SouthGroup Insurance Gulf Coast wants you to know you can call on us with your questions or concerns seeking more helpful advice or answers to your pressing insurance questions. A full insurance review is always your best bet to make sure you have all of the adequate coverage for your personal insurance needs. Remember, we offer a personalized insurance review to anyone who is interested at no charge – just visit any one of our 3 convenient coastal locations!

We are your LOCAL
Trusted Choice Advisors, SouthGroup-Gulf Coast
,  SALES AND SERVICE AGENTS: Angelyn Treutel Zeringue, Tammy Garfield, Tammy Hogue, Brittany Jones, Denise Russell, Melissa Moran, Alex Treutel, Anne Gillam, Ashlie Moody, Michael Reso, Mark Strickland, and Whitney Zimmerman at SouthGroup Gulf Coast. You can reach us by snail-mail or in person: 412 Hwy 90, Suite 6, Bay St Louis MS 39520, email: , phone: 228-466-4498 fax:888-415-8922,  FaceBook, or Twitter !

We have 3 Gulf Coast locations to serve you - 2505 Pass Road - Biloxi, 5400 Indian Hill-Diamondhead, and 412 Hwy 90 Suite 6-Bay Saint Louis, MS. We write coverage in 40 different states and can assist you with Mississippi insurance, Louisiana insurance, and Alabama insurance and many other states.

Insurance is stressful, but we make saving easy.  We help you save money on insurance!  

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