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How do businesses choose insurance?

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in Insurance by (82.5k points)
How do businesses choose insurance?

This intriguing question comes from Insurance

I have been asked this question at a job interview.

Other related questions to my question are:

What factors should be taken into consideration to select an insurance company?

How do I choose insurance?

What are at least five factors to consider when selecting an insurance company?

What are the 4 types of business insurance?

1 Answer

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The correct answer by me is: - Assess your risks. Think about what kind of accidents, natural disasters, or lawsuits could damage your business.   

- Find a reputable licensed agent. Commercial insurance agents can help you find policies that match your business needs.   

- Shop around.   

- Re-assess every year.

The title of my answer can be Get business insurance

The heading of my answer can be Four steps to buy business insurance

My answer's reference is SBA

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