Not everyone has insurance these days. It is still not unusual to learn of a small business stallholder collapsing his business owing to not having commercial or business insurance. He is trading out of doors, selling his chili dogs or Indian curries just as well as the next stallholder. Until one day it hits him, in more ways than one. A great big storm or runaway fire, quite unexpected and unseasonal, comes to town.
And while loss and damage to an established business’s fixtures and fittings can always be repaired, this small business, nothing more than a gas stove and a few strips of wood, is utterly gutted. For such a stallholder, it can take a long time to start all over again. That the hardy small business owner does eventually get back on his feet is beside the point. Would it not make good business sense rather to utilize a local business insurance palmdale ca office to apply for new or first time commercial or business insurance already.
Would it not be better to get that business back up and running in a matter of hours, or at least within a couple of days, instead of having to toil and sweat for the next six months or more before any modicum of a small business is able to see the light of day again? Does this make sense? Of course it does. One of the reasons why so many small businesses choose not to purchase commercial insurance is because of its perceived costs.
Apart from the fact that the tailored insurance premium does not have to be expensive, the small business practitioner is already expending himself on other capital expenses, so why not insurance as well.