Percheron Insurance Group

This National Small Business Week, we’re highlighting a few key risks of being underinsured:

✅ Workers’ compensation claims can strain cash - Missing or inadequate workers’ compensation coverage can lead to fines and penalties, and it can leave you exposed to paying medical and wage costs tied to a workplace injury outright.

✅ Cyber issues can be harder to bounce back from - If you are underinsured for cyber incidents, you may be left paying for response costs, recovery, and customer notifications.
Having the right amount of protection for your small business can prevent a single expense from undoing months or years of hard work.

Want a quick checkup to help you prioritize what matters most without overspending? Call our office, and we’ll identify gaps and offer practical fixes aligned with your budget.

With National Small Business Week here, we wanted to share some key insurance considerations for any small businesses navigating higher costs.

When budgets are tight, it might seem like a good idea to keep coverage lean, but being underinsured can cause devastating consequences. Here are a few risks of not having enough insurance:

✅ A loss can become an out-of-pocket event - If building, inventory, equipment, or tools are underinsured, you can end up paying the gap between what your policy covers and the actual cost to repair or replace the lost item(s) after a fire, theft, or storm, even if you “have a policy.”

✅ Income can stop, but bills keep coming - Property coverage can help offset repair costs in the event of damage. But without the right business income coverage, payroll, rent, and ongoing bills keep coming even when operations and cash flow have paused.

✅ Liability can spill past your limits - A single claim can bring legal defense costs, settlements, and medical expenses that exceed your limits, creating a significant financial burden.

If you have questions or are interested in adding additional coverages, give us a call. Our team can help find a solution that respects your budget and strengthens your long-term protection.