Your small business is a product of your hard work and dedication to your products or services. With this, it is crucial to ensure that you and your team are well protected from unforeseen circumstances that could negatively affect your ability to work and maintain your business. While there are many important forms of insurance to consider for the start of the new year, business overhead insurance is an especially significant investment for your business. The new year is an excellent time to ensure that you are prepared for anything. Consider the many reasons why this specific form of insurance is an essential investment for your small business in 2019.
Coverage for Various Aspects of Your Business
Business overhead expense insurance covers various aspects of your small business throughout the year, providing you well-rounded coverage. In the event of unforeseen circumstances that could leave you unable to work, such as an illness or severe injury, business overhead insurance provides coverage for the following needs of your business:
- Rent or mortgage payments for your storefront
- Maintenance expenses for your facilities
- Accounting costs
- Legal services
- Loan interest payments
- Utility bills
- Subscription payments
- Employee salaries
- Equipment lease expenses
- Insurance premiums
- Employee benefits
If an illness, disability, or necessary recovery period leaves you unable to maintain these aspects of your business, your business overhead expense insurance can provide you with coverage so that you can recover with peace of mind.
Supplement Your Insurance
The coverage provided by business overhead expense insurance should serve as a supplemental form of coverage to your long-term disability insurance and short-term disability insurance. By covering these necessary expenses for your business, you can ensure that essential functions and payments of your business can operate as usual in your absence. In working with Malden Solutions, you are entrusting these payments of your business to a team of professionals who can make sure that you are protected in the event of an unforeseen circumstance that would prevent you or another key person of your business from working.
Partner with Malden Solutions Today
Malden Solutions has a wealth of expertise in providing employer insurance solutions, HR solutions, and individual insurance solutions to businesses both big and small. Our team of seasoned professionals can help you navigate the rapidly-changing world of insurance with ease. We partner with businesses and individuals throughout the country to provide our dedicated services for employee benefits but also work within our surrounding communities in Maryland, Northern Virginia, and Washington, D.C. Contact us today to learn more about how we can provide effective, dynamic solutions for your business. Stay connected with us on Twitter, Facebook, Google+, and Linkedin.