Protecting Your Small Business with the Right Insurance Coverage

Running a small business is exciting, but it comes with real risks. Fires, water damage, theft, or unexpected shutdowns can disrupt operations and threaten everything you’ve built. That’s why having the right insurance coverage is critical.

The most common claims for small businesses involve property damage, business interruption, theft, and liability. While general liability and property insurance are important, business interruption insurance is often the coverage that matters most. It helps cover lost revenue and ongoing expenses if a covered event forces you to close temporarily, which can make the difference between surviving a loss and facing serious financial strain.

To be better prepared, start by understanding your income and fixed costs so you can set appropriate coverage limits. Review your policy carefully to ensure covered events align with your risks—storms, fire, water damage, or other hazards—and check for exclusions that could leave gaps. Physical risk mitigation, like maintaining roofs, plumbing, security systems, and fire safety measures, also reduces the likelihood of claims. Keeping detailed records of income, expenses, and property maintenance helps support any future claim.

Finally, revisit your policy regularly as your business grows or changes. New locations, equipment, or services can create new exposures, and staying proactive ensures you have the protection you need. At Boufford Insurance, we help small-business owners understand their risks, maintain proper coverage, and prepare for the unexpected—because protecting your business isn’t just about insurance; it’s about peace of mind.