We Insure You One Step Better And One Step Closer To Success
When you’re just starting out in business, it’s easy to cut back on your business insurance. Many small business owners believe since they have little money and few assets, no one is going to sue them. Natural disasters? Not likely.
Unfortunately, that’s not how things always work out. Here are three small business realities:
Small companies get sued all the time. Just because your business is a corporation or limited liability company (LLC), that doesn’t mean your personal assets are always protected. Under certain circumstances, you could be held personally liable if you are slapped with a lawsuit. That’s why liability insurance/business insurance is so vital. Depending on your business, you may need general liability insurance, in addition to professional liability coverage.