Is A Start-Up In Your Future?

Is A Start-Up In Your Future?

Is A Start-Up In Your Future?

If you are looking to start up your business this year, contact PJO today to discuss your insurance needs!
Phoenix, Arizona

Each year in Arizona, thousands of entrepreneurs start the process to realize a lifelong dream of starting a new company, blazing their own path, and becoming their own boss. It is common knowledge that starting a new venture is not for the faint of heart; one has to realize that it will take long hours, hard work, and a little thing called tenacity.

These days, it seems like there is an endless amount of new ideas for starting a new business. With the advent of the internet, you no longer need to have a storefront or rent an office space to start your business. In fact, most start-ups start in either someone’s home or their garage. If you look back over the past twenty-five years or so, look around to see just how many new start-ups that have been created. Twenty-five years ago, there were no smart phones or apps for them, and today, it seems like there are millions of apps out there helping us better enjoy our lives, and, in some cases, make our businesses run more smoothly.

If you also look at that time period, it is truly incredible just how many new companies, from technological, to food and other product purveyors, to new ways of renting rooms, and how you get around, which are among the numerous new ideas that have come to market. We understand that almost everyone out there has at least one idea that they feel they can develop into a viable business operation. If you are of the few brave souls that have decided to take the plunge, we know what some of the things are that you need to do to realize your dream on building and owning your company.

After you have done your due diligence of performing extensive research of the area in which you want to start your business, have written your business plan, secured funding, secured any licenses or permits that may be required, and completed every necessary step you can think of, the time has come to open your doors, so to speak. Regardless of whether your new start-up is in the field of app designer, software development, medical device products, food products, dietary or health products, beer, wine, or spirits distributor, retail operation, contractor, consultant, real estate investor, website design and hosting, home health care, product development, manufacturer, or distributor, or any one of the hundreds of different paths you can choose from, there will be one common thread in all of this, and that is you will want to have all the protection possible for your new venture, and that is where PJO Insurance Brokerage can assist you with an insurance program.

For almost all new start-ups, the first insurance coverage that we will look at obtaining is a General Liability Policy. Most new ventures understand the need for this type of coverage, but in quite a few instances, they think that this policy will cover all their risks, which, of course, it will not.
Business Insurance Brokerage in Arizona
If your new venture is that of an Architect, Engineer, Software Designer, Consultant, or one of the various companies that provide professional service or advice, then Errors and Omission Insurance Coverage, in addition to General Liability Insurance, is what will be required to protect your new venture. If your company is that of a product manufacturer, distributor, wholesaler, manufacturer’s rep, or retailer, regardless of what type of product it is, you will want to have proper Product Liability Insurance as a major part of your insurance program. With any type of product, the chance of a claim or lawsuit being filed against your company is a definite possibility in today’s business world, and it only makes good business sense to be well protected. Depending on what type of start-up venture you are involved in, additional coverages that you also may want to add to your insurance program are Directors & Officers Liability Insurance, Property Insurance, Inland Marine Insurance, Cyber Liability Insurance, Employment Practices Liability Insurance, Environmental Liability Insurance, which are among the numerous coverages that are available for your particular operation.

One of the wisest steps you can take for your company is to talk with an insurance professional, discuss in detail about how your venture will operate, and then have the insurance professional assist you in putting together a proper insurance program to protect your new start-up. With PJO Insurance Brokerage’s more than fifty years experience, we would welcome the opportunity to work with you concerning your insurance needs.

Written By:

Patrick O'Neill, Commercial Insurance Agent from PJO BrokeragePJO Insurance Brokerage
4103 E. Prickly Pear Trail
Phoenix, Arizona 85050

Office: 480-248-7495
Fax: 480-248-7493