Starting a small business can be very professionally and personally rewarding. However, operating a company of any size involves risk. Natural disasters, accidents, professional errors, and employee injuries are just some of the events that can occur at any time and threaten your livelihood and that of your employees. Small business insurance helps protect your company from financial loss when problems arise.
Small Business Articles
If you’re a home inspector or building inspector, this scenario isn’t hard to imagine: You’re on a ladder looking at some brickwork when you lose your footing, fall, injure your elbow, and need medical attention. Or maybe you fail to inspect a critical aspect of a home’s electrical system, which later causes a fire that damages the structure.
What’s often called “business insurance” is equally important for entities that may not consider themselves businesses. Townhouse associations and condo associations need to shield themselves from the financial fallout from lawsuits and losses, such as damage to association property.
If you own or operate a salon or spa, you know there are many risks associated with this type of business. They cover the spectrum from a client getting injured by slipping on a wet floor at your business location to making mistakes in the types or amounts of products you use and causing harm. And, of course, the risk of someone stealing sensitive customer information like credit card numbers is one every business must be aware of and address.
A customer slips at your print shop, falls, breaks their arm, and sues you. High winds hurl debris into your storefront window, shattering it. An employee making a delivery in your company’s van runs a stop sign and collides with another driver, causing injuries and vehicle damage.
Every business owner should be aware of—and take action on—the risk of cyberattacks. The potential continues to grow steadily as cybercriminals find new and better ways to breach digital defenses.
If you own or operate a liquor store, you know there are many challenges, from staying on top of consumer buying trends to hitting your sales targets.
Laundromats are busy places, with customers coming and going throughout the day and actively attending to their laundry during their visits. Joining them in this “dance” are your employees—assisting them, ensuring your machines are working correctly, and addressing any issues that may arise.
All businesses face financial risks, and that includes LLCs. Does an LLC need insurance? Yes, it does.
Electricians know there are physical risks associated with their profession. If you don’t do your work correctly and cautiously, you can be severely injured. But there are also financial risks.
We want you to make well-informed decisions about your insurance needs. Learn from answers to the questions most frequently asked by business owners.