The Rhode Island economy has shifted considerably over the years. Originally, fishing was the primary employer, and the Blackstone River Valley helped fuel the Industrial Revolution. Since then, textiles, jewelry, and silverware have each had their heyday. Now, Rhode Island specializes in services, with many small, local businesses doing their part to help the state thrive. No matter what type of business you own, Rhode Island business insurance can help you protect your investment from loss.
Top RI Employers
- AAA of Southern New England: Travel services
- American Power Conversion: Manufacturing
- Amgen INC: Pharmaceutical manufacturing
- Amica Mutual Insurance Company: Insurance
- Bank of America: Bank
The Risks of Running a Business
You never know when there will be a plumbing leak, or when someone will smash in the front window. Whether your business is new, or has been in operation for years, you need an appropriate business insurance policy to protect your business from unpleasant surprises and lawsuits.
To understand how much coverage you need and what policies will provide the best form of protection, analyze your risks. Different businesses are going to have different insurance needs. A restaurant owner will need different forms of insurance than a small online publication. Just because you don’t have a brick and mortar location doesn’t mean you don’t need Rhode Island business insurance. Online companies are vulnerable to hacking and information loss, as well as litigation.
When analyzing your insurance needs, ask yourself some of the following questions:
- What buildings, cars, and equipment do I need to insure against fire, storm, or theft?
- What kind of liability coverage do I need: professional, errors and omissions, or a more specialized form of liability coverage?
- How am I protected from fraud and extortion?
- Do I have information that’s susceptible to cybercrime?
- How can I protect my customers?
- Are my employee benefits appropriate?
- Does my business handle dangerous substances?
The Cost of Rhode Island Business Insurance
Your annual premium is determined by the type and amount of coverage you purchase. It’s hard to determine an average because business needs vary so widely. A local agent can give you an accurate estimate of the cost of coverage for your particular business.
Work With an Independent Agent
Trusted Choice® agents write more business policies than any other brand. That's because these are independent agents, who can find exactly the types of coverage you need, from many different providers, at the best prices. They can combine your coverage into one customized package, to save you time and money each month. That way you know your company is covered in just the right ways, without overspending for coverage you don't need. If you need a complete policy, or just need to renew a portion of a comprehensive plan, a Trusted Choice member agent can help you find the policy that works for you, at the best possible price.
Once you’ve determined which coverage plan will provides the best protection, your agent can compare policies and Rhode Island commercial insurance quotes, to find a plan that fits your budget. Rhode Island business insurance can protect your company and your livelihood. Find a Trusted Choice agent to get coverage today.