4 Reasons why you should get insurance for your business
In many countries, business insurance is not mandatory for companies, they may need to insure their employees but that’s about it. To save money, companies skip on protecting their business, and although this may seem like a good financial strategy at the beginning, it can have catastrophic consequences… what was intended to save money ends up leaving the company bankrupted. Insurance is an excellent financial tool to protect your investment and patrimony, here you will find 4 reasons why you should get one (or more than one if necessary) and trust that it will protect your company in case any unexpected event happens:
1. Security:
It seems obvious but many people forget this is the main purpose of an insurance policy. Nowadays, 8 out of 10 businesses stop their activities permanently because of poor financial planning and protection. Business insurance will secure your property (in case of fire, earthquakes, theft, etc.), provide you with civil liability coverage and even if you need to partially stop your activities, it will cover the expenses.
2. Peace of mind:
A single medium-sized company can be responsible for the financial stability of approximately 20-50 families. However, in Mexico, only 10% of small and medium-sized businesses are insured. Employees can feel safe and calm when working in a company that cares for them and provides them with health insurance, and retirement insurance, and also protects itself with business damages insurance.
3. Legal protection:
It is very hard for a business owner to keep track of every aspect of their company, this is why it’s very common that small or medium companies without a legal advisor have to pay fines or lawsuits at least once a year due to their lack of knowledge of legal processes. Insurance will help you with that, not having a good contingency plan could cost you much more than the price of an insurance policy.
4. Positive perception of the brand:
Having insurance makes your business increase its credibility and trust. Besides, it attracts and retains qualified employees.
Have any questions? Contact us! Don’t wait any longer, protect your investment and patrimony today. At AIR Insurance, we are ready to help you at any time and build a custom policy that fits your business needs with our “360º Insurance Guidance”. For more information, call +52 55 4444 6043 or send us an email at info@air.com.mx
