Running a small business can be exceptionally rewarding—whether it’s making your concept a reality, building a team of employees, contributing to the economy, seeing satisfied customers, or simply working for yourself.
These rewards, however, do not come without risks. If you own a small business, your workers may face risks such as slips, trips, falls, or chemical exposure. Your customers could be injured on your property or by your products. Your property could be harmed due to fire or catastrophic weather. And you could be held liable for these damages.
Fortunately, when you carry the right types of small business insurance, your customers and employees may be covered in the case of illness or injury, and you may be protected from liability and financial loss.
What are the common types of small business insurance?
Additional Insurance Options
Additional specialized coverage may be built into your business owner’s policy or purchased separately to customize your small business insurance package.
What are some small business risks, and which type of insurance may cover them?
Selecting small business insurance can be confusing. Here are some sample scenarios to point you in the right direction. We recommend consulting with a trusted advisor to make sure you get the right types of coverage for your business.
Who needs small business insurance?
Any small business owner that sells goods, provides services, or has employees should invest in adequate insurance to cover their business, their customers, and their employees.