What Small Business Owners Need to Know about Insurance

Small mistakes can cause huge problems for small businesses. Not having insurance puts your business at risk against lawsuits, accidents, and other damages. Our agents want you to know that we will help find a plan for you, regardless of the industry your business is in. So, what type of insurance do you need? INW Insurance Solutions can help you figure that out by helping you discover the necessary and additional insurances you can consider for your business. Additionally, many of our carriers don’t just insure individual needs—they can insure your business too!

Worker’s Compensation Insurance
If you have employees, most states may require your business to have some type of insurance such as worker’s compensation. Worker’s compensation does not eliminate the risk of accidental injuries when employees are working, but it does provide coverage for employees when they are injured from work related instances. For example, Markel Specialty’s policy can provide benefits for lost wages, medical care, rehabilitation services, legal representation, and funeral expenses. After all, your employees are valuable to your business, so it is important to protect them.

Commercial Property Insurance
Don’t let a damaged sign or broken window be the first impression customers get when visiting your business. Whether your business is located in an office, retail store, or even inside your home, we recommend having commercial property insurance for your business. In the event of fire, storm, or vandalism, having property insurance can help relieve some stress since it can aid in restoring or replacing items including documents, equipment, and fixtures that were lost or damaged.

General Liability Insurance
No industry is exempt from a lawsuit. And all it takes is one bad lawsuit to shut your business down. Therefore, having general liability insurance is important in case your business is found to be responsible for injury or damages. General liability can help cover the costs related to medical and legal expenses. You can consider adding additional endorsements such as liquor liability, product liability, or fire legal liability with Nationwide which can enhance your basic policy to be more specific to your business.

Additional Insurance
Insurance for your small business proves to be necessary when the unexpected happens. As your business continues to grow, it would be best to update your plans and add more coverage such as commercial umbrella insurance. You may want to consider commercial umbrella insurance if you believe your business may be more vulnerable to costly lawsuits and damages that exceed your policy limits.


You’ve put your dreams and passion into your business. But have you thought about the risks that could put your hard work out of business? With INW Insurance Solutions, you can focus on your business entirely instead of worrying about comparing multiple insurance carriers. We work to find you the best protection for your business. Our carriers such as Nationwide and Markel Insurance provide great plans for small businesses. Give us a call or visit our office where we can discuss the specific details of the small business you have and offer recommendations on the plans that best match your needs.

Why Cheap Insurance Isn’t Cheap

Picking the cheaper option always sounds enticing, especially when it comes to thinking about ways on how to save money. Our paychecks dwindle away from rent, bills, car payments, and errands but is cheaper the best way to go with something like insurance? At INW Insurance Solutions, there is a big difference when it comes to the protection you’ll get with a cheap insurance option and an affordable one.

No one ever wants to pay more than they have to. During this difficult time where many are facing reduced hours or major life changes, you may be considering switching your insurance to a cheaper plan. However, getting cheaper insurance could end up costing you more. Cheap policies mean less protection and if something happens, a bigger out of pocket expense you’ll have to take care of. Cheap insurance sounds like a good deal until you realize you are putting your valuables and hard-earned money at risk.

A great insurance policy that meets your needs doesn’t have to be expensive. With 14 carriers including Travelers, Safeco, Nationwide and more to compare and research, your agents at INW Insurance Solutions look into policy and pricing options for you to find affordable and cost-effective coverage. Additionally, many insurance carriers are offering flexible programs and assistance to clients. When we find the right insurance and plan, you’ll be protected without feeling a toll on your bank account.

INW Insurance Solutions is always looking for ways to save you money without sacrificing quality. We’re also sharing our favorite money saving tips:
• Establish a budget: Track and determine how much you make and how much you spend. By doing so, you’ll be able to see what expenses can be reduced and where you can direct savings towards. Establishing a budget for items such as groceries or gifts can help prevent overspending.
• Set a goal: Paying off debt, saving up for a vacation, or just wanting to be prepared for emergency expenses are examples of goals you can work towards. Setting a goal will help you feel motivated to set money aside and invest into your savings.
• Have a “No Spending Day” once or twice a week: As simple as it sounds! For the day, don’t spend money on unnecessary purchases. If you have an impulse purchase…wait out the day and see if you still want it the following day. Soon, you’ll notice those days add up to big savings!

If you have any questions or want to review your coverage to adjust to your needs, visit our office or give us a call today.