Quite difficult to determine what type of insurance you need for your small business. Various different types of insurance have names similar to dizzying; state, city or county (county) may impose insurance requirements respectively; and many industries have special insurance coverage for them.
Insurance is one of the responsibilities of the most neglected small business. The unavailability of appropriate insurance for your small business is a mistake because a disaster can shut down your company forever, or at least destroy the whole of your assets.
The Insurance Information Institute (III) in New York City estimates that about 40 percent of small business owners did not have insurance, because many people mistakenly believe that they can not afford the insurance premiums. The truth is that the small business can not do not have to have adequate insurance. Without insurance, you should not make your livelihood at risk. That's also why many landlords, suppliers, and any other entity associated with your business may require you to have insurance coverage.
If you are having difficulty determining which kind of insurance you need to have, check with the following agencies:
- County or city officials
- The local industry association branch offices
- The state insurance office
Below are a few types of insurance that are used by small businesses. Click on the type of insurance to obtain more detailed information.
Insurance for Your Business
- Business Owner Policy
- General Liability Insurance
- Property Insurance
- Insurance (Errors & Omissions) Professional Liability
- Car Insurance Commercial
- Umbrella Insurance
- Insurance Income / Expense Supplement Business
- Product Liability Insurance
- Extra Equipment Insurance
- Special Equipment Insurance
Insurance for Yourself and Your Employees
- Health Insurance
- Insurance Powerlessness
- Life Insurance
- Key Employee Insurance
- Workers' Compensation Insurance