Why you need small business insurance?
Most small businesses need General Liability and Property Insurance at the very least.
Commercial Auto is important if you or your employees drive for your business. Most business owners have a good idea of what tools, equipment, materials
If you’re running a small business, or plan to, you probably know about some of the common perils you may face. Much of a business’s success is based on its resilience through adversity. So it’s up to you to take the steps to ensure your business will prevail through the most likely perils, and especially the ones you don’t expect.
Small business insurance can help your business survive and prosper through the toughest times. Without it, you may have to pay those costs with your own business and personal assets. At a minimum, consider buying General Liability and Business Property insurance for your small business. Or you can get a BOP – a Small Business Owner’s Policy – which contains both in a single policy.
Once you have these primary coverages in place, consider the risks that are unique to your business and look into adding coverage to fill in any gaps your primary policies don’t cover.
Do I Need Liability Insurance for My Small Business?
Insurance Needs for Small Businesses?
Yes, you probably need liability insurance for your small business. It helps cover the cost of liability claims made against your business. General Liability Insurance helps cover the costs of claims made against your business for bodily injury or property damage. For example, a customer slips and falls in your store and makes a claim against your business for the costs of their medical treatment.
General Liability Insurance can also help cover the costs of claims that your business damaged someone else’s property. When this customer makes a bodily injury claim against your business, General Liability Insurance helps cover the costs.
Professional Liability Insurance helps cover the costs of claims that your business committed errors or omissions in the products or services you provided. This can include mistakes made by employees and not just the owners.