Not having insurance is risky business. It's an expense that many business owners deem unnecessary, but adequate insurance coverage in times of loss is invaluable. As a small business owner, only you can decide what type of insurance coverage is best for your business. Here are three types of insurance every small:
Fire, theft, and other emergencies and cause costly interruption to your business activity. Protect your physical business assets with a Business Owner's Policy or Property Insurance. Additionally, you may want to consider Worker's Compensation in case employees are injured on the job-check your state's laws regarding this type of insurance.
All business owners should consider General Liability Insurance in the case of injury to a person or to someone's property that occurs at your place of business. Entrepreneurs who work in the service sector should also consider Professional Liability Insurance to protect themselves financially against claims of negligence, errors, omissions, or wrongful acts in the performance of their duties.
Health & Disability Insurance
All business owners should invest in Health and Disability Insurance because unforeseen medical expenses and cause a serious financial burden. Additionally, entrepreneurs with partnerships and businesses that rely on a key employee should consider purchasing Keyman's Insurance in case that employee becomes unable to work.
Choosing the right insurance and identifying the risks of your business can be challenging for most small business owners. We'll do our best to make it easy for you. If you're located in Florida and would like more information about Business Insurance contact our agency at (386) 218-4951 or click here to send us a message today.