Why Business Insurance Is Important For Your Company's Success
                     WHY BUSINESS INSURANCE IS 
IMPORTANT FOR YOUR COMPANY'S 
SUCCESS
YOU MIGHT BE THINKING THAT ALL BUSINESSES NEED ARE THEIR PRODUCTS AND SERVICES, A 
COMPANY NAME AND AN OFFICE. AFTER ALL, YOU’VE WORKED HARD TO GET YOUR BUSINESS 
OFF THE GROUND. SO WHY WOULD YOU NEED BUSINESS INSURANCE? IT MAY SEEM LIKE AN 
UNNECESSARY EXPENSE. HOWEVER, BUSINESS INSURANCE IS ESSENTIAL FOR ANY 
ORGANIZATION – LARGE OR SMALL, NEW OR OLD – TO PROTECT YOUR ASSETS SO THAT YOU 
CAN RECOVER FINANCIALLY IF SOMETHING GOES WRONG IN YOUR COMPANY. A COMPANY’S 
MOST VALUABLE ASSETS ARE ITS PEOPLE, PROCESSES AND PROPERTY: FROM REAL ESTATE TO 
COMPUTERS AND EVERYTHING IN BETWEEN. HAVING A SOLID BUSINESS INSURANCE PLAN WILL 
PROTECT YOUR COMPANY FROM POTENTIAL RISKS AT A FAIR PRICE. READ ON TO DISCOVER 
WHY IT’S IMPORTANT FOR YOUR COMPANY’S SUCCESS.
PROTECTION FOR THE EQUIPMENT AND 
ASSETS IN YOUR OFFICE
IF YOUR COMPANY’S PRODUCTION ROOM IS DAMAGED IN A FIRE, YOUR BUSINESS INSURANCE 
WILL PAY TO REPLACE YOUR EQUIPMENT AND HELP YOU STAY OPEN FOR BUSINESS. IF YOU 
WORK FROM A HOME OFFICE, YOUR HOMEOWNERS INSURANCE MAY NOT BE SUFFICIENT 
PROTECTION, ESPECIALLY IF YOU WORK WITH EXPENSIVE OR DELICATE EQUIPMENT SUCH AS 
COMPUTERS, SERVERS OR SOPHISTICATED LABORATORY EQUIPMENT. IF YOUR EQUIPMENT IS 
DAMAGED OR DESTROYED, YOUR BUSINESS COULD SUFFER FINANCIALLY – AND YOU COULD BE 
OUT OF A JOB. IF YOUR COMPANY’S ASSETS ARE COVERED IN YOUR BUSINESS INSURANCE 
POLICY, YOU CAN REST ASSURED KNOWING THAT YOUR COMPANY CAN RECOVER QUICKLY.
PROTECTION AGAINST REPUTATIONAL 
HARM
IN TODAY’S DIGITAL WORLD, A MISTAKE BY A SINGLE EMPLOYEE CAN DO SERIOUS HARM TO THE 
REPUTATION OF YOUR COMPANY. IT CAN ALSO LEAD TO SERIOUS FINANCIAL CONSEQUENCES, 
INCLUDING LEGAL COSTS AND LOST BUSINESS. WITH THE RIGHT INSURANCE POLICY, YOU CAN 
PUT A PLAN IN PLACE TO DEAL WITH THESE SITUATIONS AND ENSURE THAT YOUR COMPANY IS 
PROTECTED AGAINST THE COSTS OF A REPUTATIONAL CRISIS.
DRIVES EMPLOYEE RETENTION
YOUR EMPLOYEES ARE YOUR GREATEST ASSET. IF YOU HAVE A ROBUST BENEFITS PACKAGE, YOU 
WILL HAVE AN EASIER TIME ATTRACTING AND RETAINING TOP TALENT. BUSINESS INSURANCE 
CAN PROTECT YOUR COMPANY FROM THE FINANCIAL IMPACT OF A SINGLE-INCIDENT CLAIM, 
SUCH AS AN EMPLOYEE INJURY, SO THAT YOU CAN CONTINUE PROVIDING QUALITY HEALTH 
INSURANCE FOR YOUR EMPLOYEES. IF YOU’RE IN AN INDUSTRY THAT REQUIRES FREQUENT 
ACCESS TO RISKY CHEMICALS, YOUR EMPLOYEES MAY HAVE TO WEAR SPECIAL PROTECTIVE 
GEAR. THIS CAN BE EXPENSIVE AND MAY NOT BE COVERED BY REGULAR HEALTH INSURANCE. 
WITH THE RIGHT BUSINESS INSURANCE POLICY, YOU CAN HELP COVER THE COSTS OF 
NECESSARY PROTECTIVE GEAR, ENSURING YOUR EMPLOYEES STAY SAFE WHILE ON THE JOB.
ENSURES COMPLIANCE IS MET
YOUR INDUSTRY MAY HAVE CERTAIN COMPLIANCE REQUIREMENTS THAT YOU MUST FOLLOW IN 
ORDER TO STAY IN BUSINESS. FOR EXAMPLE, CERTAIN INDUSTRIES ARE REQUIRED TO HAVE A 
DATA BREACH PROTECTION POLICY IN PLACE. YOUR BUSINESS INSURANCE MAY COVER THE 
COST OF A THIRD-PARTY SERVICE TO HELP YOU MEET COMPLIANCE REQUIREMENTS. OTHER 
COMPLIANCE COSTS MAY BE TOO EXPENSIVE FOR YOUR COMPANY TO COVER OUT-OF-POCKET. 
HAVING THE RIGHT BUSINESS INSURANCE POLICY CAN HELP MINIMIZE THE FINANCIAL IMPACT 
OF THESE COMPLIANCE COSTS.
OFFERS FINANCIAL PROTECTION FOR 
COMPANY EXECS
COMPANY EXECUTIVES ARE OFTEN EXPECTED TO SIGN INSURANCE POLICIES THAT STATE THAT 
THEY WILL PERSONALLY BE RESPONSIBLE FOR THE PAYMENT OF ANY CLAIMS. IF A COMPANY IS 
UNABLE TO PAY A CLAIM AND AN EXECUTIVE IS RESPONSIBLE, HE OR SHE CAN BE HELD 
PERSONALLY LIABLE. HAVING A BUSINESS INSURANCE POLICY THAT PROVIDES FINANCIAL 
PROTECTION FOR COMPANY EXECUTIVES CAN HELP YOU AVOID THIS COSTLY SITUATION. 
HAVING THE RIGHT LEVEL OF COVERAGE FOR YOUR COMPANY EXECUTIVES WILL ENSURE THAT 
YOUR COMPANY IS PROTECTED IF A CLAIM IS FILED AGAINST IT.
CONCLUSION
A COMPANY’S MOST VALUABLE ASSETS ARE ITS PEOPLE, PROCESSES AND PROPERTY: FROM 
REAL ESTATE TO COMPUTERS AND EVERYTHING IN BETWEEN. HAVING A SOLID BUSINESS 
INSURANCE PLAN WILL PROTECT YOUR COMPANY FROM POTENTIAL RISKS AT A FAIR PRICE. 
READ ON TO DISCOVER WHY IT’S IMPORTANT FOR YOUR COMPANY’S SUCCESS. FOR A 
SUCCESSFUL BUSINESS, YOU NEED TO PROVIDE THE PROTECTION THAT EMPLOYEES AND 
CUSTOMERS NEED, WHILE ALSO MAKING SURE TO KEEP THE COMPANY INSURED AGAINST 
POTENTIAL RISKS. BUSINESS INSURANCE IS THE BEST WAY TO DO BOTH.
TO KNOW MORE ABOUT BONANO INSURANCE, VISIT HTTPS://WWW.BONANOINSURANCE.COM/.