As any business owner can tell you, starting and maintaining a business of any size is going to come alongside a certain number of risks. However, it’s important to understand that small businesses are going to be more vulnerable than average. Thinking smart and protecting your livelihood with the right small business insurance policy can help safeguard your future.

Protect yourself against liability.

It simply doesn’t matter how careful you and your employees are. Sooner or later, an accident is bound to happen, so it’s important that you have small business insurance that can protect you. Liability insurance helps you cover any and all costs that may come up from a legal standpoint due to injury, negligence, or any other sort of accidental occurrence while in business.

• General Liability: This type of insurance is going to cover you should any customers or employees injure themselves in your establishment and decide to sue for negligence. It also helps cover any sort of lawsuit-related costs, property damage, or judgments. Every small business should have general liability insurance.
• Product Liability: If your business specializes in distributing actual products, as opposed to services, you’ll definitely want to make sure you have this type of insurance as well. It covers any injuries or mishaps that may come to your customers through the items you sell.

Protect your property from harm.

Whether you operate your business from home or a separate location altogether, it’s important to make sure the property that houses it is protected from unforeseen happenings. If you operate a commercial business from an outside location, commercial property insurance helps cover your location when it comes to acts of God, vandalism, and other events that would be beyond one’s control. Home-based business owners can look into adding riders to their existing homeowner’s insurance to help protect their livelihood as well as their home.

Although no one enjoys dealing with unforeseen business mishaps, it’s important to understand what a difference being prepared can really make. Talk to your agent about your options today!