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Northwestern Insurance Group, LLC

4800 SW Meadows Rd., Ste. 300
Lake Oswego, OR 97035

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What Are The Risks Of Not Having Commercial Insurance?

Risks of Running a Business Without Adequate Commercial Insurance

You may be treading on thin ice if you’re a business owner considering operating without proper business insurance. Lacking adequate commercial insurance exposes you and your company to significant financial risk. The following discussion explores the potential risks involved.

Risk of Losing Your Commercial Property

Imagine that your commercial building is severely damaged or destroyed by an earthquake or flood. A catastrophic event like this would be financially draining for any business owner. If you don’t have business insurance, covering repair or rebuilding expenses falls entirely on you.

Risk of Business Operation Interruption

Numerous factors can interrupt business operations – a disruption that could cost your company thousands of dollars. Commercial insurance coverage can protect against such interruptions and bear the financial losses associated with them.

Risk of Leaving Your Employees Unprotected

Your employees are invaluable assets to your business. Protecting them is not just vital but also fair. Without proper business insurance, if an employee gets injured at work, you’re on the hook for their medical expenses and potentially more.

Securing Your Business with the Right Insurance

Business insurance isn’t a mere formality. Instead, it offers financial security and peace of mind. Northwestern Insurance Group LLC is here to assist if your business operates in Portland, OR, or anywhere else in the state. We work with business owners to ensure they’re adequately insured. Contact Northwestern Insurance Group LLC today, and let’s safeguard your business for a secure future.