Heraclitus, a Greek philosopher, once said “The only constant in life is change.”
If there is any universal truth in existence, it is that life, despite our best efforts in planning, will rarely go according to plan. Sometimes, no matter what preventative or proactive measures we take, it is always impossible to eliminate risk.
Whether you are an individual or a business owner, risk is incurred in every facet of life. For instance, you must first sign a lease, if not purchase a car, in order to be the owner of a vehicle. Car accidents are always a looming possibility on the roads, which is why car owners or lessees purchase car insurance. In business, no matter what industry you are in, every entrepreneur or corporation takes on a certain degree of risk in starting a new business. There is additional risk that carries through the lifetime of the business itself. This is why enterprises have business insurance.
The best way to mitigate risk is to be prepared for the tragedies of life.
David Weber has owned and operated a small distribution chain in California for the past ten years. “I have anywhere between five to ten trucks going out at any time throughout the day. Our drivers are on the road 24 hours a day, 7 days a week, through alternating shifts, in order to ensure that our shipments are delivered on schedule,” he says. For nine of those years, his business ran smoothly, without any hiccups or accidents. However, on one evening, three months ago, one of his trucks had been hit by a drunk driver at around midnight on the highway. “It was a complete shock. Highway accidents might be common in the trucking industry, but it just had never happened to us. And you tend to hear these things on the news and think, ‘Oh, but it won’t happen to me or my company.'”
Luckily, Weber had business insurance. His company was able to recover the cost of the damages to the truck, and his driver received compensation for the physical injury and trauma.
Everyone should be insured in the event of any unforeseen personal or business incident. We wanted to highlight Byron Galindo, a State Farm Santa Monica Agent that offers home, renter, auto, and business insurance. Team Galindo has a focus on commercial trucking workers’ compensation insurance, landlord insurance, and earthquake insurance.
If you are contemplating whether or not you need insurance, consider the cost of doing business or living life without preparation for all of its uncertainties. The harsh reality is that—yes, anything could happen to any of us. No one is universally safe from the laws of nature. We are all human, and life is fragile. We should never take life for granted or assume only the best case scenarios.
If you are looking for an insurance agent to discuss the best form of coverage for you, you can give Byron Galindo’s office a call.
Byron Galindo – State Farm Insurance Agent
214 Pier Ave, Santa Monica, CA 90405, United States