Commercial Insurance vital in business

For many of us, the New Year brings with it the opportunity to start a venture. Launching a new business can be extremely exciting and rewarding. Blood, sweat, and tears eventually pay off and you’ve created something, from scratch, that other people are willing to invest in, whether you’re a bakery downtown, a sub shop scattered across the city (and central Illinois), or a hair salon with one or two extremely successful locations.

Leah Billington, a REALTOR with The Real Estate Group in Springfield, says that one of the first tasks is to find the right location for your business. “When searching for the right location, you need to decide what is more important. Do you require heavy footfall? Is parking an issue? Do you want to be downtown? Do you want a stand-alone building, to be part of a strip, or to be among a complex of businesses? How much square footage do you need? And what is your budget? These are all questions you need to ask yourself and to work with your REALTOR so that you find the perfect place to begin your new venture.”

Once you’ve established where your new business will be located it’s a good idea to nail down some of the other details, such as insurance. Alarmingly, many businesses do not have commercial insurance. COUNTRY Financial insurance advisor, Jay Davis, said this was a serious matter. “Insurance is a vital safety net, no matter the size of your business, it should be protected,” he said. “It’s important to understand the value of small business insurance, while it might seem like a cost-cutting measure, commercial insurance can save you a lot of money down the line.”

In order to make sure you get the right insurance for your business, you need to understand exactly what types of risks and assets are covered. Will you have employees, work in an office or on location, do you own equipment, and do you provide professional services or advice as part of your business?

This is where working with a trusted insurance provider, that knows their market, is essential. “These are important questions to ask when deciding which type of insurance best suits your needs,” said Jay. “I work with apartment owners, auto parts store, bakeries or cookie shops, beauty salons and barber shops, electricians, flooring or carpet stores, florists, food or coffee shops, garden stores, offices, photographers, plumbers, residential cleaning, and restaurants, so you can see that there’s a wide range of policies available that can be tailored to individual business needs.”

Head West Sub Stop has 10 locations; five in Springfield, one in Southern View, Chatham, Rochester, Decatur, and Jacksonville. Famous for its sweet bread, the business has gone from strength-to-strength. “Head West Sub Stop has just recently moved all their commercial needs including group health over to us as of fall 2017,” said Jay. “They gave us a shot in 2016 to insure a small part of their business. We earned their trust and they greatly appreciated our service component and decided to move everything to us in 2017. We now insure all Head West Sub Stops, their warehouse, their delivery drivers, and we also handle their group health needs. Matt and Grace appreciate that everything is under one roof and that they have only one contact to handle any issues that may arise. It's also a pleasure to handle their personal insurance needs.”

The sub shop's call sign, a distinctive yellow and purple, is hard to miss - peruse the menu before your next stop.  

If you have any questions or would like to meet with Jay Davis of COUNTRY Financial get in touch on 217 698 3480 or email