8 Common Mistakes to Avoid When Buying Business Insurance

JOHN LOPRIORE | January 8, 2020

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Running a business can seem like a minefield full of potential missteps and mistakes. It’s easy to overspend in some areas and neglect important obligations. If you own or run a business, purchasing the right kind of insurance is a necessity. However, there are many policies available and it can be difficult to know exactly what you need. Unfortunately, many business owners rush into a decision about business insurance and end up facing problems in the future. Here are 8 common mistakes business owners make when buying business insurance and how to avoid them.

Spotlight

AIG

Founded in 1919, we're a leading insurance company serving commercial, institutional, and individual customers through one of the most extensive worldwide property-casualty networks of any insurer. In addition, AIG companies are leading providers of life insurance and retirement services in the United States. But we’re more than the sum of our parts. Our teams come together every day around the globe to take on the world’s new challenges. We’re people who believe that with the right values and hard work, anything is possible. We know that when we’re at our best, it allows each and every one of our customers to be at their best, to realize their dreams, and find success every day.

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Spotlight

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Founded in 1919, we're a leading insurance company serving commercial, institutional, and individual customers through one of the most extensive worldwide property-casualty networks of any insurer. In addition, AIG companies are leading providers of life insurance and retirement services in the United States. But we’re more than the sum of our parts. Our teams come together every day around the globe to take on the world’s new challenges. We’re people who believe that with the right values and hard work, anything is possible. We know that when we’re at our best, it allows each and every one of our customers to be at their best, to realize their dreams, and find success every day.

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