With a variety of product types depending on a business’ industry and needs, insurance can be confusing for many business owners and executives.

“The reason you’re buying insurance is to provide protection from claims,” explained Brad Pearce, chairman, A&H Insurance. “So you want an insurance carrier that provides excellent claim service and excellent coverage.”

That sounds simple enough, even when addressing the complicated subject of business insurance. However, the most common mistake business owners make when shopping for insurance is looking at price rather than product.

There are a lot of different plans and policies available for a lot of different prices. “What you’re really seeking is someone that has financial solidarity as well as enhanced coverages if available at a reasonable price,” said Pearce. “It’s not one size fits all.”

Finding the Right Fit

Business insurance policies are as unique as the businesses they cover, but there are a handful of basic coverages: property insurance, liability protection, business auto and a growing need for coverage of cyber security, money and securities.

Beyond the basics, insurance needs…

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