Do I need insurance for my small business?
The short answer is yes. Regardless of what industry you're in, business insurance protects what you’ve built. Owning a business is hard, and odds are that while you're reading about insurance, you have a long list of other things to do to run your business. Insurance may not be your passion, but it is ours. Let us make it easy on you by providing you not only the information you need to navigate the business insurance world, but by doing the quote shopping for you, for free!
What kind of insurance do I need?
Workers' Compensation
Workers' Compensation insurance helps protect your business from the costs associated with an employee injured at work. Typically, it would pay for medical bills and recovery costs, as well as some of the missed wages. In the event of a death, Workers’ Compensation insurance can help with the costs of the funeral or death benefits to the employee’s family. Workers’ Comp can also help cover legal expenses if an employee sues the business over an injury that isn’t covered by the policy. Each state's requirements are a little different, but virtually all states require Workers' Comp insurance coverage by law.
Liability & Property
Liability insurance helps protect your business from things that happen to other people. Depending on what you do, it covers people slipping and falling at your business location, getting sick from something you served them, or harm caused by your company. Litigation can be messy and is almost always expensive, so liability insurance will help you sleep at night. Liability and Property insurance are typically bundled (referred to as a BOP). Property insurance protects your stuff. Theft, fire, water damage, a meteor - whatever it is, a good property insurance policy will protect your valuables since you can’t be there all the time.