April 27, 2021

Next Week is Small Business Week

Small businesses are the backbone of the American economy. They employ half of the country’s workforce, and produce more revenue than any other sector. To recognize their outstanding service, innovation and development, SMW is proud to celebrate Small Business Week during the first week in May.

How can you celebrate Small Business Week? Here are just a few ideas:

  1. Buy Gift Cards
  2. Order Local This Month
  3. Start a Shop Local Challenge on Your Social Media
  4. Pay It Forward – go to a local independent coffee shop and buy the drink of the person behind you in line
  5. Nominate a Business for a Small Business Award
  6. Highlight Local Small Businesses Online – devote one post or story every Saturday in May to showcase a local small business

If you’re the owner of a small business – thank you! You are helping drive the economy forward. Whether it’s a pizza joint, a landscape business, or a boutique professional services company, these small businesses power the job market.

As part of our celebration of small businesses, we want to remind owners about the importance of having the right insurance. If your business has a catastrophic event, it’s not enough to be good at your job. To protect against catastrophe and ensure the ongoing viability of your business, you should also make yourself knowledgeable about insurance. Knowledge and skill in this will determine your ability to recover from a big loss.

Whether you opt for a Business Owners Policy (BOP) or the more complex Commercial Policy (CP) packages for your insurance coverage, there are certain key elements your policy should include.  If you’re a small business owner, the bullets below summarize the key points you should keep in mind when selecting insurance for your operation.

  • Buy enough ‘Personal Property’ coverage.
  • Extend the ‘Period of Time’ for however long you will need.
  • Bolster your ‘Payroll’ coverage.
  • Buy ‘Extra Expense’ coverage.

To celebrate Small Business Week, pose the right questions to your insurance agent and make sure you have the right coverage. It can make all the difference between reviving the business and closing up shop for good. And look out for a future post in which we will address the questions small business owners have been asking us lately.

 

Swerling Milton Winnick

Swerling Milton Winnick

If you’ve had a fire, flood or other property loss resulting in an insurance claim, and need a public insurance adjuster in Massachusetts, New Hampshire, Rhode Island, New England or anywhere in the U.S. or Caribbean, call Swerling Milton Winnick. We are the oldest and largest public adjusting firm in New England, and our team of experts will give you personalized, 24/7 attention to successfully resolve your residential or business insurance claim.
If you’ve had a fire, flood or other property loss resulting in an insurance claim, and need a public insurance adjuster in Massachusetts, New Hampshire, Rhode Island, New England or anywhere in the U.S. or Caribbean, call Swerling Milton Winnick. We are the oldest and largest public adjusting firm in New England, and our team of experts will give you personalized, 24/7 attention to successfully resolve your residential or business insurance claim.