What would happen to your business if you lost your software or dongles in a robbery or a fire? You’d need to replace them right away so that you could get back to work and fill orders. That’s where insurance comes in; with the right coverage and records, you can recover quickly from a setback. So what coverage do you have for software and dongles? Even a small embroidery company will often have software worth many thousands of dollars, and unless this software is specifically listed in your policy as a high-value item, it may not be covered.

Business insurance is not like home or auto coverage, where the policies are fairly standard. Your business insurance must fit the specific risks you face. Without knowledge of the day-to-day working of your business, your insurance agent may not understand the importance of your high-tech equipment – and not realize how much money you have invested in it.

A knowledgeable agent will ask you detailed questions about your business before providing a quote. He or she may ask about your premises, the amount of work you expect to bill each month, the way you deliver finished items, and the supplies and inventory you have on hand. (To help you prepare your answers to questions like these, McKay Insurance Agency offers a free business insurance planning guide at www.mckayins.com.) Most importantly, a good agent will ask about the computers and software that you use.

Software and dongles are vital to every embroidery business, and it’s essential that you have adequate coverage in case they are stolen or damaged. A knowledgeable insurance agent will make sure that your software is specifically listed as a high-value item in your policy.

About Patricia McKay

Patricia McKay is the owner of McKay Insurance Agency, Inc., one of the few agencies in the U.S. that focus on the embroidery industry. For more information, visit www.mckayins.com.

With over 20 years in the business insurance industry, the past 10 years specializing in the Decorated Sportswear industry, McKay Insurance Agency, Inc. insure hundreds of embroiderers and screen printers, many in home, on the road and also many larger. Start-up businesses have been their focus as they need more information and assistance to be able to insure their businesses, than more experienced entrepreneurs.

McKay Insurance Agency, Inc
Tel: 800 625 2902 (800mckay02)
Fax: 330 630 2733
www.mckayins.com