{"id":332,"date":"2016-10-28T02:00:00","date_gmt":"2016-10-28T14:00:00","guid":{"rendered":"http:\/\/www.insure-us.org\/blog\/?p=332"},"modified":"2016-10-24T22:26:44","modified_gmt":"2016-10-25T04:26:44","slug":"uninsured-businesses-cost","status":"publish","type":"post","link":"https:\/\/www.insure-us.org\/blog\/uninsured-businesses-cost\/","title":{"rendered":"Uninsured Businesses Cost More Money Than They Save"},"content":{"rendered":"<table>\n<tbody>\n<tr>\n<td>\n<p>Opting not to pay for commercial insurance seems like a way to save a business money. Those premiums really add up quickly. However, it&#8217;s worth the money in the long run and for many reasons.<\/p>\n<p>1. It Protects Against Liability Charged<\/p>\n<p>Accidents happen. And unfortunately, they oftentimes happen to a business&#8217; customers and employees. Commercial insurance prevents a company from having to pay for these claims out of pocket. The insurance will cover the cost. It makes it much easier to settle out of court and for a lesser amount. And even if it goes to court, having insurance makes it look better on the business&#8217; part and just makes the outcome more favorable for the business.<\/p>\n<p>2. Lawsuits Are Expensive&nbsp;<\/p>\n<p>In some instances, the amount is an astronomical amount that the company can&#8217;t even afford, so when there&#8217;s insurance, a majority of the expenses are paid by the insurance company rather than the business. Although the insurance doesn&#8217;t always cover the full claim, it only leaves the business responsible for some of the expenses.&nbsp;<\/p>\n<p>3. Protects Against Bankruptcy<\/p>\n<p>A costly lawsuit causes the business to need to take responsibility for the money owed. If it&#8217;s too much, it can cause the business to go bankrupt.<\/p>\n<p>4. Personal Responsibility&nbsp;<\/p>\n<p>The owner is sometimes left responsible for a lawsuit. This could cause a person to lose his or her home, even if the company became an LLC.<\/p>\n<p>Having commercial insurance just makes sense and is the best option for a business. For more information about commercial insurance or to start a policy, contact&nbsp;InsureUS, serving the Cypress, TX area, at&nbsp;281-640-8888.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Opting not to pay for commercial insurance seems like a way to save a business money. Those premiums really add up quickly. However, it&#8217;s worth the money in the long run and for many reasons. 1. It Protects Against Liability Charged Accidents happen. And unfortunately, they oftentimes happen to a business&#8217; customers and employees. Commercial [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28],"tags":[26],"class_list":["post-332","post","type-post","status-publish","format-standard","hentry","category-business-insurance","tag-insureus"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.insure-us.org\/blog\/wp-json\/wp\/v2\/posts\/332","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.insure-us.org\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.insure-us.org\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.insure-us.org\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.insure-us.org\/blog\/wp-json\/wp\/v2\/comments?post=332"}],"version-history":[{"count":1,"href":"https:\/\/www.insure-us.org\/blog\/wp-json\/wp\/v2\/posts\/332\/revisions"}],"predecessor-version":[{"id":333,"href":"https:\/\/www.insure-us.org\/blog\/wp-json\/wp\/v2\/posts\/332\/revisions\/333"}],"wp:attachment":[{"href":"https:\/\/www.insure-us.org\/blog\/wp-json\/wp\/v2\/media?parent=332"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.insure-us.org\/blog\/wp-json\/wp\/v2\/categories?post=332"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.insure-us.org\/blog\/wp-json\/wp\/v2\/tags?post=332"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}