Having a small business is hard work and you want to make sure you protect yourself and your business from a small business insurance law situation that may arise.
Even if you are very careful in your business affairs and provide the highest quality service, clients can easily accuse you of wrong doing and put your business and all you have worked for in jeopardy. This is why it is very important to have business insurance to protect your interests.
* General business Liability Insurance is comprehensive coverage that can protect you against claims of injury, property damage and other common law claims.
* Professional Liability Insurance is often referred to as errors and omissions insurance. If you have a service-oriented business, such as accounting firms or recruiting company, the type of coverage is almost a must. In some cases, depending on the profession, professional liability insurance required by law. It can protect you against claims of negligence, malpractice and errors and omissions.
* Product Liability Insurance If you manufacture or sell a product you will want to invest in this type of insurance. It can protect you in the event someone is injured while using your product. This type of product and the risks associated with the product will determine the rate. If you sell stuffed animals, your rate will be lower than the saw someone selling.
* Join the group-Many business groups and associations to offer insurance to members of their pieces. You may want to join a group is the local Chamber of Commerce.