Small businesses are often at risk of losing everything in the event of a lawsuit, flood, or fire. Even if your business isn’t particularly high-risk, it still makes sense to purchase small business insurance to protect yourself from some of the worst financial consequences that could occur if your business were to suffer from an unplanned disaster or accident. In this article, we’ll outline the four essential types of small business insurance you should have in place and what they can do to keep your business safe.
A Quick Overview Of What Small Business Insurance Is
Risks Involved When Starting A Small Business
Why Is It Important?
How Much Coverage Do I Need?
Property – Covers buildings or equipment in case they’re damaged or destroyed by fire, windstorm, vandalism, or other disasters.
Business Interruption – Covers lost income while your business is out of commission.
Crime – Covers losses due to theft, burglary, and vandalism.
Liability – Protects against lawsuits filed by a customer who was injured on your property or someone who slips on the ice in front of your store and falls down the stairs inside. Some liability policies also include protection for personal injury claims filed by a guest at your place of business.
Errors & Omissions – Pays for expenses arising from damage caused by an error or omission in the services you provide.
credit avengers llc benefits you by helping to protect the business you’ve worked so hard to build. we’re here to help any way we can. You can learn more about how to get business insurance by calling us at (800) 773-5242 today.