A small business may be a small business, but that does not make it foolproof. With millions of businesses worldwide, it is always best to be insured. Even small businesses required a significant investment at one point or another. Do not lose everything you put into your business when something out of your control affects it. A small business does not need to sign up for every insurance coverage out there but should at least have minimal insurance protection. Here are the types of insurance every small business should have.
Natural Disasters Are Unpredictable
Massachusetts has seen its fair share of natural disasters over the years. If only someone or something could predict the impact of a natural disaster. While meteorologists have an idea of when natural disasters are coming, they do not know every area it will impact or damage. In most cases, the best way to combat a natural disaster is to have insurances in place. While natural disasters will not repair damaged items or property, they go a long way when it comes to funding replacements.
Potential Lawsuits
Unfortunately, every small business faces the chance of being sued. A business can be sued for a myriad of reasons, and whether or not the business is at fault, it is paramount to be insured.
It’s Required in Most Cases
Most small businesses are required to have some form of insurance. It is essential for business owners to know what insurance they have and do not have. Not having any insurance when an unfortunate incident occurs will not be an ideal situation.
What Types of Insurance Can My Small Business Get?
- Liability Insurance
Liability insurance for a small business comes into play when lawsuits or malpractice is brought to the forefront against a business. Liability insurance can cover payouts, costs, injury settlements, etc.
- Workers Compensation Insurance
Workers compensation insurance provides financial protection and insurances to a businesses employees should they get injured while on the job.
Professional Insurance Coverages For Small Businesses: John J. Walsh Insurance Agency
John J. Walsh Insurance Agency offers a variety of insurance coverage plans for small businesses. Contact us today to learn more or get started on protecting your business!