Many of our members offer small business insurance alongside the traditional home, auto, and life insurance policies. As we enter into a season when many businesses begin to go into the black, let’s take a look at some of what you had to say about insuring small businesses.
What is business insurance? To simplify a complex subject, business insurance is protection for a specific business. That protection comes in many forms. property and liability, loss control and prevention, commercial automobile, umbrella coverage, and more. Running a business requires significant investment and minimizing risk is what business insurance offers to business owners. It is not required by law to always carry business insurance, unless you are an employer, but it is one of the most functional ways to protect business assets.