Issue link: https://www.epageflip.net/i/1522402
r e d f c u.o r g | 9 R E D S T O N E I N S U R A N C E S E RV I C E S Redstone Services Group SM , LLC (RSG) d/b/a Redstone Insurance Services is a subsidiary of RFCU. Insurance products are issued by third-party companies, are not RFCU deposits or products, and are not NCUA insured. RFCU does not warrant, guarantee, or insure any product or service offered by RSG. Ready to set up shop for your new business? Congratulations! Before you get started, here's what you need to know about insurance. Your coverage needs depend on your business structure. It's important to ensure you're protected from unexpected costs, which could include bodily injury, property damage, car accidents, and lawsuits. In addition, the federal government requires certain insurance if your business has employees, and different states have various requirements as well. 4 STEPS TO FINDING THE RIGHT INSURANCE: 1. Determine your risk. What accidents, natural disasters, or lawsuits could hurt your business? 2. Work with an insurance agent. ey can help you find a policy that meets your specific business needs. 3. Compare options. Prices and benefits can vary. Research the rates, terms, and benefits. 4. Revisit your insurance decisions regularly. Your liabilities may change over time. DISCUSS THESE OPTIONS WITH YOUR INSURANCE AGENT: › General liability insurance Protects against financial loss due to bodily injury and property damage › Professional liability insurance Protects against financial loss due to malpractice, errors, and negligence › Product liability insurance Protects against financial loss due to defective products that cause harm › Home business insurance Protects business equipment and inventory and may include liability coverage for third-party injuries; coverage may be available as a rider to your homeowners insurance › Commercial property and auto insurance Protects the building and contents from risk of loss or damage; covers costs when there's an accident involving employees driving a company-owned vehicle › Workers' compensation, unemployment, and disability insurance Workers' compensation pays for medical expenses related to a work-related injury or illness. Unemployment helps employees financially if they're laid off. Disability insurance applies when an employee can't work due to a medical condition. It may seem like a lot to consider. Talk to a Redstone Insurance Ser vices agent at 256-722-8301. They will work with you to ensure you're prepared for the unexpected. Insurance for Small Business What You Need to Know Charles Ashcraft