Running a small business comes with countless responsibilities, and insurance often falls to the bottom of the list—until it’s too late. At Familia Insurance Agency, serving Kissimmee, FL, we’ve seen firsthand how preventable mistakes can lead to significant setbacks for local business owners. The good news? With a bit of guidance, you can avoid the most common missteps.

Not Having Enough Coverage

One of the biggest mistakes small business owners make is underinsuring their company. It’s tempting to opt for the bare minimum to save money, but if something goes wrong—such as a fire, theft, or customer injury—you could end up paying far more out of pocket than the policy would have cost. Adequate coverage is crucial to safeguard your business against financial hardship.

Overlooking Professional Liability

Many entrepreneurs assume general liability insurance is sufficient. However, if you offer services or advice, you could be at risk for professional liability claims. If a client believes your service caused them financial harm, you could face a lawsuit—even if you did everything correctly. Without the right coverage, you may be responsible for legal fees and damages.

Failing to Update Policies

Your business evolves over time, and your insurance should evolve with it. Whether you’ve added employees, relocated to a new location, or expanded your services, your policy must reflect these changes. Too often, business owners purchase insurance once and never revisit it, resulting in gaps in coverage.

Not Working with a Trusted Agent

Perhaps the most avoidable mistake is not seeking expert guidance. Insurance isn’t one-size-fits-all, and working with a knowledgeable agent can make all the difference in ensuring your business is adequately protected.

At Familia Insurance Agency, serving Kissimmee, FL, we specialize in helping small businesses find the right coverage to meet their unique needs. Contact us today to review your policy and ensure you’re fully protected.