Daniel Insurance Agency

Business Success
Our team at Daniel Insurance will
work with you to find the right plan
and coverage for you as an individual
or as a family. We can also assist you with larger group plans for your
business needs.

We are conveniently located at:
6505 Oak Ridge Hwy.
Knoxville, TN 37921

Please call, email or come by today to speak with one of our friendly agents.

865-909-0082(phone)
865-909-9138(fax)

Commercial Insurance
I'm just getting my business started. Do I need insurance immediately?

Yes. Your chance of suffering a loss begins with the first day of business. If you suffer a loss and have no insurance or have improper or insufficient coverage, your insurance agent can do little, if anything, to help you. Also, many states and local jurisdictions require businesses to have insurance to begin operating. And if you rent space for your business, your landlord probably requires you to obtain adequate insurance.

I don't have any major business assets. Why do I need insurance?

Every business has some property. When you think about it, your business is your property. Just like your home and your car, your business needs to be protected from loss, damage, and liability. In addition, your business is your source of income, so you need protection from the potential loss of that income.

Does insurance coverage vary for different businesses?

It can. Many small businesses opt for package policies that cover the major Property and Liability exposures as well as for a loss of income. A common package policy used by many small businesses is called the Business Owners
Policy (BOP). Generally, BOPs provide more complete coverage at a lower price than separate policies for each type of insurance needed. We can help you decide which policy or policies are right for your business. You can also purchase additional coverage for perils or conditions otherwise excluded (e.g., flood protection) as endorsements to a standard policy or as a separate, second policy called a Difference in Conditions (DIC) policy.

Why does a business owner need to consider risks?

Running a business is inherently risky. Many factors outside the control of the business owner can influence the success or failure of the enterprise and a high percentage of new businesses fall within a few months of inception. Even large and successful businesses can succumb to changing conditions. Consider what
has happened to some of the largest companies in industries such as communications, computers, and transportation. To improve the probability
of success, the management of a business should think about potential risks
and how to offset them.

The losses to a business caused by increased expenses or decreased revenues, could threaten the livelihood of the owner or owners. A realistic analysis of the risks inherent in the business and a plan for dealing with them will protect the business from unanticipated losses and disruptions to its flow of income.