Small Business Insurance on YOUR Terms
Building and maintaining a successful business is tough, and between all those day-to-day triumphs and struggles, it’s easy to let small business insurance slip through the cracks. Lawsuits and claims happen when you least expect them, so it’s crucial to protect the business you’ve worked hard to build.
You always run the risk of being sued, even if you’ve made no mistake. If a client feels you didn’t do the job you promised or someone slips and falls on your premises, you could face a lawsuit or claim. Business insurance covers those costs, including the costs that come with defending yourself.
Certain professions require you to have business insurance. Contracts may dictate that your business is insured, and healthcare-related professions generally require you to have professional liability insurance. Whether it’s a requirement or not, you owe it to yourself and your business to make sure you’re protected.
The exact business insurance cost varies depending on multiple factors, such as the type of insurance, size of your business, and your industry. Although final prices vary, in most cases, you can insure your business for less than the cost of a cup of coffee per day. Get a quote today to see how much your business owner’s policy will cost.
The type of small business insurance needed depends on your business. Most businesses should have general liability insurance, particularly if you have clients on the premises. Businesses offering professional advice also need professional liability insurance. Do you have a significant amount of business equipment? If so, then a business owner’s policy that combines business property coverage with general liability may be the right choice.
Definitely! While an LLC keeps your personal assets protected, your business assets are still at risk if there’s a claim or a suit. Business liability insurance keeps your business protected.
Professional liability insurance covers advice or professional services. Often called errors and omissions insurance, it covers you if you make a mistake (error) or fail to do something you should have (omission). Even if a claim is made without merit, this insurance covers your defense costs.
General liability covers the claim of someone else for bodily injury, personal injury, or property damage. If someone is injured on your business premises or their property is damaged, your business is covered.