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.

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.

Whatever type of cleaning or janitorial services you provide—for homes, businesses, government entities, etc.—you’re dealing with spaces and property that belong to others. If you or someone working for you accidentally causes some damage, you can be sued.

Helping individuals and businesses manage their money is work that comes with tremendous responsibility and significant risk. For example, one small mistake can be grounds for an expensive lawsuit. Or a simple slip-and-fall accident for a client visiting your office can cause an injury that leaves you liable for the person’s medical bills, lost wages, etc.