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 Small BusinessAccording to the National Federation of Independent Businesses (NFIB), small business creates two-thirds of the new jobs and 98 percent of the new businesses in America, and it generates 40 percent of the U.S. Gross Domestic Product. According to a recent survey of its members, NFIB reports that one of the biggest headaches for U.S. entrepreneurs is the cost and availability of insurance. Of those surveyed, 19 percent listed it second only to taxes as a frustration in their professional lives. |
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Many small businesses turn to LRS&C's experienced partners and agents for a review of their existing insurance program. Jim Riddle, Tom Schimmel, and our customer service representatives analyze needs, research options, and recommend coverages specifically designed to meet the needs of your small business. A simple, useful package developed by insurance companies for small and mid-sized businesses is the business owners policy (BOP). BOPs may include property insurance, business interruption insurance, and liability protection. BOPs do not cover professional liability, auto insurance, worker's compensation or health and disability insurance. You'll need separate insurance policies to cover professional services, vehicles and your employees, and LRS&C can help you with all of these areas of insurance protection. For additional online information, try the following useful links: Business Owners Policy Coverage Protecting Your Small Business |
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| Residential Business The nation's more than 18 million home-based businesses make up one of the  fastest growing sectors of the U.S. economy, and the Independent Insurance Agents and Brokers of America estimates that 60 percent of them may not be properly insured.Whether you sell beauty products or baskets, provide consulting services or music lessons, LRS&C is ready to discuss your specific needs and recommend appropriate coverage. In general, depending on the nature of your business, your options may include a simple endorsement to your existing homeowners policy or the broader scale coverages of a BOP. We'll develop the best, most cost-effective solutions for your present situation. For additional online information, try the following useful links: Insuring a Home Business Protecting Your Home-Based Business |
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