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 the owner, business manager, or other decision-maker at a medical practice, you know how complex your operations can be. There’s a continual stream of patients, vendors come and go regularly, you need expensive medical equipment and other assets to do your work, etc. Consequently, it’s no surprise when problems happen.
If you’ve been an installer for any length of time, you’ve probably heard stories or had experiences like this: The tool a flooring installer is using slips and punches a hole in a wall. Accidents happen. But now, the company has to pay for a drywall pro to come in and repair the damage.
Who’s hungry for success in 2024? Right… Everybody! One of the keys to achieving your business goals is identifying trends—in the economy, market conditions, buyer behavior, etc. The better you are at spotting and adapting to emerging business trends, the more advantage you have over your competitors. That’s always been true, but it may be even more critical in today’s fast-paced, digital world.
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.
We want you to make well-informed decisions about your insurance needs. Learn from answers to the questions most frequently asked by business owners.