The Cost of Not Having Business Insurance
Posted: April 19, 2024
Running a business comes with many risks, from property damage to legal liabilities. While some business owners may see insurance as an unnecessary expense, the cost of failing to have adequate coverage can far outweigh the premiums paid. It is essential to understand the potential consequences of operating without business insurance. Financial Losses from Property Damage Property damage can occur unexpectedly due to natural disasters,...
The Surprising Business Risks You May Not Think About
Posted: April 17, 2024
Risk control consultants are the preventative care professionals of business insurance. They can help you detect potential hazards to your business’s well-being and help you understand what actions you can take to keep things healthy.Good news: Qualifying customers who have business insurance with us have access to customized risk control services. That’s just one more way we’re looking out for you. Learn more: How an ERIE Risk Control...
A Small Business Owner's Guide to Financial Literacy
Posted: April 4, 2024
Financial literacy is the foundation of sound financial management; for small business owners, it's essential for success. With April being Financial Literacy Month, there's no better time to learn more about the fundamentals of financial literacy that every small business owner should know. Budgeting Basics for Small Businesses Budgeting is crucial for small businesses to manage finances and achieve their profit goals effectively. To effectively...
Guaranteed Replacement Cost for Commercial Property Owners
Posted: March 27, 2024
If you own a business, you understand the importance of safeguarding your assets. While this kind of protection addresses both liability and the personal safety and health of your staff, it also includes the substantial investment you’ve made in the commercial property that allows your business to flourish.With inflation as a priority concern, business owners who are keen to fully protect their commercial property investments...
Why Should I Consider a Business Umbrella Policy?
Posted: March 22, 2024
As a proud business owner, it’s your job to consider the “what-ifs” for your business. Of course, you don’t want to think about the worst… but no matter how careful or cautious you and your employees are, accidents do happen – and sometimes they can be serious.If you experience a catastrophic accident, things can get costly… and fast. That’s where your ERIE agent and ERIE’s Business...