3 Secret Benefits of on Demand Business Insurance

On demand business insurance is a great option to consider for small business

3 Secret Benefits of on Demand Business Insurance

Investing in an insurance policy can feel intimidating when you’re running a small business. You may be wondering, Can I keep up with business insurance costs? Do I want to deal with the nuances of interacting with a broker? Is it even worth it?

All of these questions are valid, but traditional insurance isn’t the end all be all. On demand insurance is also an option, which allows small business owners like you to purchase insurance coverage online without committing to a contract with a broker or insurance representative. According to the National Association of Insurance Commissioners, industry trends show that on demand business insurance is an option that more people are inclined to choose and will continue into the future:  

“Technological innovations over the past several years have significantly changed consumer expectations, transforming the way business is conducted. With businesses now using technology as a means of instant fulfillment of orders for goods and services, on-demand insurance products are on the rise. An attractive interface, customizable coverage, and ease of one-click purchasing all contribute to consumer appeal of on-demand insurance.”

Let’s take a closer look at the benefits that come with working with non-traditional business insurance companies that offer on-demand policies:   

1. Improved Risk Management 

The current state of the economy has many small business owners intimidated to make major moves that can impact their spend or budget. Working with an insurance company generally means you’re signing a contract, which could have you locked into a rate for an extended period of time - a move that can make it difficult to save money while navigating the volatility of an uncertain economy. 

With on-demand business insurance, you can find a policy that works within your budget and can be adjusted to meet expected time frames. Coverage plan timelines are less concrete, more flexible, and more affordable. 

2. Tailor-Made Insurance 

To many small business owners, investing in business insurance doesn’t seem like the right move because of how complex the policy is. With on demand business insurance, you can find a policy that caters exactly to what you need. 

You don’t have the time to waste on searching for an insurance policy that doesn’t offer any benefit to your business; filling out forms and asking questions only to be let down by a policy option is enough to drive anyone away from the process.

On demand insurance is designed to work perfectly for your business based on the amount of time you spend on the job. It’s a more personalized plan that can change the way you feel about getting coverage. 

3. Coverage Exactly When You Need It 

As previously mentioned, traditional insurance policies are generally under contract so you have an insurance policy at all times. This ultimately means you’re paying for insurance, even when you don’t use it or need it. 

On demand business insurance is adjustable when it comes to terms - in most cases, you can apply for a policy whenever you want and determine when it makes the most sense to invest and use it. Shorter periods of time on a business insurance policy mean you don’t have to worry about the expense that comes with committing to something that’s more long-term and less dynamic. 

Businessman holding up a sign that says “Are you covered?”

Start an On-Demand Policy with InsurePro Today

Looking for personalized business insurance online? InsurePro is your one-stop shop for all of your business insurance needs. We shop over 20 different companies to find a policy that fits your needs and works within your budget. With InsurePro, you can find any of the following policies:

  • General liability insurance for small businesses
  • Business owners policy
  • Workers compensation
  • Commercial auto insurance
  • Equipment protection

All you have to do is tell us the location of your business, your industry and profession, and how long you expect to need coverage. With this information, we can take care of all of the work that goes into finding the right policy provider so you bypass the backend tasks and enjoy the peace of mind that comes with protection. 

Contact us today to get your business insurance quote.