Business insurance is something that every small business owner should have. It covers your business against the financial risks of an unexpected event. This includes fires, explosions, acts of terrorism, and even lawsuits. There are a lot of different types of business insurance that you can get. But the type of insurance you need depends on the type of business you have.
1. What types of business insurance are there?
There are several types of business insurance and each one has its own specific benefits. For example, business owners should have liability insurance. This type of insurance protects the business owner from financial losses due to lawsuits. Business owners should also have property insurance, which protects the business and its property from damage or theft. Business owners should also have general liability insurance, which protects the business from any personal liability. Business owners should also have workers’ compensation insurance, which protects the business owner from any personal liability that may come from the business.
