PRESS RELEASE
Published October 16, 2023
Akron, Ohio –
The Allen Thomas Group, an insurance agency based in Akron, OH, is helping small business owners understand how insurance coverage can protect their ventures, today and into the future.
Business insurance is designed to cover entrepreneurs against a litany of risks that have the potential to threaten their business. With the right coverage, businesses can safeguard themselves against unexpected lawsuits stemming from everything from accidents on their premises to failure to meet professional standards of service. So, to help its customers stay protected, The Allen Thomas Group presents an in-depth discussion on the kind of insurance coverage that small businesses need.
“You don’t want half measures when it comes to securing business insurance for an LLC,” says the spokesperson for The Allen Thomas Group. “It is the lifejacket that can help your company stay afloat amidst unforeseen business storms. In fact, according to statistics from The Hartford, four out of 10 small businesses are likely to experience a property or general liability claim within the next decade. So, making sure you are adequately covered for all contingencies is paramount.”
General liability insurance protects businesses from claims related to property damage, physical injury, defense costs, and personal and advertising injury. For example, if a customer accidentally cuts their hands on a kitchen utensil in a bakery, general liability insurance would cover the medical expenses associated with the injury as well as any legal costs if the customer decides to sue.
Professional liability insurance, also known as errors and omissions (E&O) insurance, is relevant to businesses that provide professional services or advice. It protects against claims of negligence, errors, or omissions made by a company or its employees in delivering services. Professional liability insurance also provides financial assistance for legal defense costs and settlements or judgments that may arise from such claims.
Businesses may also opt for other types of insurance specific to the industry they operate in. Some small businesses might need commercial auto insurance to protect vehicles used for business purposes. Others may need cyber liability insurance to safeguard against data breaches and cyber-attacks. Many businesses may also need workers’ compensation insurance to cover employee injuries on the job.
The spokesperson appeals to businesses to make the right decisions regarding insurance coverage by saying, “As a small business owner, you can consider these insurance options as building blocks to create a robust shield of protection around your LLC. With the right guidance from seasoned professionals, such as the experienced and knowledgeable team here at The Allen Thomas Group, you can get the peace of mind you need to excel in your chosen profession.”
Several business owners have thanked and praised The Allen Thomas Group for helping them get the right coverage for their needs. The Akron insurance agency also boasts a near-perfect rating of 4.9 out of 5.0 from over 40 reviews, with customers noting the professionalism of its staff members, their helpful and responsive customer service, and their in-depth knowledge of business and personal insurance coverage.
A recent review says, “I was highly impressed by the level of care and responsiveness by Joe and The Allen Thomas Group! Joe was attentive and thorough. He was able to meet our company’s needs and get us connected with all the right insurance limitations to ensure we were compliant in our commercial business. The service was a breath of fresh air, especially after being let down by so many other insurance providers. Thank you, Joe, and the Allen Thomas Group!! Highly recommended!”
Another customer writes, “Our company is incredibly happy with the expertise and service that The Allen Thomas Group provides. Beth and Joe have exceeded and continue to exceed our expectations with fast response times and informative and friendly assistance. They are easy to work with, and the results are amazing. We are enormously grateful for their support and knowledge. We highly recommend The Allen Thomas Group for all your insurance needs.”
Readers can contact The Allen Thomas Group at (440) 826-3676 for inquiries about its LLC business insurance coverage plans.
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For more information about The Allen Thomas Group, contact the company here:
The Allen Thomas Group
Joe Race
(440) 826-3676
453 S High St Ste 101, Akron, OH 44311
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Based in New York, Stephen Freeman is a Senior Editor at Trending Insurance News. Previously he has worked for Forbes and The Huffington Post. Steven is a graduate of Risk Management at the University of New York.