Why do I need business insurance?
As a business owner, you need business insurance to protect yourself, your employees, your customers, your assets and the future of your company. Think about the high costs associated with worker injuries, lawsuits, temporary business closures and data breaches. Without business insurance, any one of those examples could jeopardize the future of your business. Also, your state may require you to carry certain types of business insurance.
What type of small business insurance do I need?
The kinds of commercial insurance coverage you need depend on the kind of business you have. For example, a tree removal service working with potentially dangerous equipment would have different risks and needs than a freelance web designer. Another factor to consider is where your business is located. It's important to talk to an agent about your business before you purchase to help make sure you have coverage that meets your specific needs.
Things to consider when buying small business insurance
Do you create and sell a product to customers?
Do you have employees?
Do you have one or more company vehicles?
Do you offer a service to customers?