People don’t generally like buying insurance, but they know they need it. Your business is no exception. Here are four reasons why you should have business insurance.

You Have To

If you have employees, you’re required by law to have insurance, just like drivers are required to have insurance for their cars. If you decide not to carry insurance, you’re looking at fines and potentially criminal penalties.


When a restaurant can get sued for millions when a customer spills coffee on themselves, you know we live in a litigious society. Plenty of people are on the lookout for anything they can sue a company over to get a quick buck. It’s not just customers though. Your employees could mess up, the exact words of a contract might not be followed, or a former employee may have an axe to grind. The point is, you never know when legal troubles might pop up.


Anyone who lives in North Carolina can spout off the names of famous hurricanes that have hit our fair state: Hazel, Fran, Bertha, Floyd, Matthew. Anyone who thinks North Carolina will never again be hit with a major hurricane is fooling themselves. Business insurance can not only pay for damages, but it can also pay for lost income, operating expenses, and even payroll.

Increases Business

There’s a reason a lot of people include “licensed, bonded, and insured” on their business cards. The people you do business with feel safer knowing that you’re insured. Further, you could miss out on some business by not having insurance, because many kinds of contracts require it.

There are plenty of other reasons your business should be insured, but these are some pretty big, no-brainer ones. If your business isn’t insured or if you’re not sure if you have the right amount of insurance, get in touch with an ALLCHOICE agent today, because you don’t know what tomorrow holds.

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