The importance of Small Business Insurance to my supermarket is inestimable because it has mitigated the risks exposures associated with the going concerns of my business outfit in the state of Florida.
After my Auditor, Mr. Michael Cole, completed his stocktaking procedures, he presented the audited financial statements of my supermarket enterprise to me.
In the audited financial statements, I discovered that the third-quarter and fourth-quarter net profits declined drastically.
I was seriously concerned about the going concern of my small supermarket, and how to recover from the imminent financial distress.
There were many difficulties involved in running a small supermarket profitably in the state of Florida, particularly given how exposed businesses are to economic risks on a global scale.
My Auditor booked an appointment with me to explain some gray areas in the audited financial statements, especially risk management in a small enterprise in cities such as Tampa, Tallahassee, and Orlando in the state of Florida.
The Auditor was able to clarify those murky areas in the audited financial statement to me during his visit to my grocery store.
In his explanations, he narrated that my small business outfit incurred a lot of financial resources from a car accident that happened at the beginning of the second quarter.
The Auditor said that he discovered from the financial records of my supermarket that my teenage daughter, Elizabeth, had an accident in the course of goods delivery to some online customers.
The moment the Auditor talked about Elizabeth’s car accident and the related expenses; I was able to uncover the major reasons why my supermarket recorded a decline in quarterly profits.
During the car accident, Elizabeth, a young driver without a valid driving license or a car insurance policy, was delivering goods from my supermarket to online buyers.
The auditor advised me to get car insurance for young drivers from a State Farm Insurance agent close to my office to prevent the reoccurrence of such huge expenditures incurred on tickets and repairs of the victims’ motor vehicles.
I respected the recommendations of my Auditor on all the strategic plans given to me to boost my sales and mitigate exposure to risks.
I expanded my presence on the internet for the interest of online buyers, and I employed a driver, Johnson, with valid car insurance for young drivers from State Farm Insurance.
Within the shortest period of time, I was able to recover all the lost incomes I expended on the car accident of my daughter, Elizabeth.
I established another supermarket in the state of Connecticut. Unfortunately, the office of State Farm Insurance was far away from my supermarket.
I was left with no option but to contact a Hartford business insurance agent (Mr. Smith Jackson) near me.
During my discussion with Mr. Smith Jackson, he advised me to get Hartford small business insurance to protect my supermarket against any risks.
It was another wonderful experience acquiring small business insurance from another insurance provider in the United States of America.
With State Farm's Small Business Insurance in Florida, you have peace of mind against any risk associated with your small-scale outfit.