Wednesday, July 01, 2015

Business Liability Insurance: It’s Not One Size Fits All

Starting a small business is not a one size fits all-process. However, one best practice that all small businesses should consider is liability insurance. It’s no surprise that most of the information out there about liability insurance comes directly from insurance providers, so it is important to do extensive research to ensure that you are relying on objective information to make business decisions. The SBA offers a wealth of information on liability insurance for small businesses that can help. Here are a few points to consider as you work to ensure that your business has complete protection:

Liability insurance protects you from a variety of legal claims including bodily and personal injury as well as property damage that can occur during day-to-day business operations. If you do not have employees, you may not be required by law to have insurance, but you should still be prepared. A single incident can unravel all of the hard work that you have done to build your business.

What you may not know is that there are different types of business liability insurance for every imaginable risk that your business might encounter.

More from SBA.

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