Protecting Your Business in Athens, GA: Why Local Insurance Matters

Running a small business in Athens is exciting—but it’s not without risk. Whether you own a boutique downtown, a food truck near campus, or manage a growing tech startup, the right insurance coverage is crucial. At Larry Baumwald Insurance, we often meet business owners who unknowingly put their company at risk due to insurance oversights. Here are five common mistakes—and how to avoid them.

1. Underinsuring Property and Equipment
Many businesses underestimate how much it would cost to replace everything after a fire, theft, or major storm. In Athens, where unpredictable weather can strike, this mistake can be costly. Make sure your commercial property policy accurately reflects the full value of your building, inventory, and equipment.

2. Assuming General Liability Covers Everything
General liability is important—but it doesn’t cover employee injuries, cyber-attacks, or professional errors. Depending on your industry, you may also need:

  • Workers’ compensation

  • Cyber liability insurance

  • Errors and omissions (E&O) coverage

3. Forgetting to Update Policies as the Business Grows
If your business has added new services, increased staff, or changed locations, your coverage may no longer be adequate. We recommend a yearly review—or sooner if you're making big moves.

4. Not Having Business Interruption Insurance
If your business had to temporarily close due to a fire, flood, or disaster, how would you cover ongoing expenses? Business interruption insurance can help bridge the gap until you reopen. It’s often overlooked but incredibly valuable.

5. Choosing the Cheapest Policy Instead of the Best Fit
We get it—budgets matter. But the cheapest policy isn’t always the smartest choice. You could end up with high deductibles, limited coverage, or denied claims. An independent agency (like Larry Baumwald Insurance) helps compare carriers and customize protection that actually works for your business.

Local Tip:
As a business rooted in Athens, we understand the unique risks and opportunities local entrepreneurs face. From Five Points to Normaltown and everywhere in between, we’re here to help your business stay protected and thriving.

Need a Free Policy Review?
If you're unsure whether your current coverage is enough—or if you're just starting out—let’s talk. We offer free, no-pressure policy reviews to help you identify gaps and strengthen your protection.

📞 Call us: 706-353-8444
📧 Email: dustin@baumwald.com
🌐 Visit us: www.baumwald.com

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Protecting Your Business in Athens, GA: Why Local Insurance Matters