Most small business owners I talk with are confused about exactly what type of business insurance they need. But one thing’s for sure — your business needs some type of insurance.
Some of the most common types of insurance that small-business owners buy include general liability insurance, product liability insurance, property insurance, tenant insurance, vehicle insurance and workers’ compensation insurance. In addition, your business may need more specialized coverage.
One of the key consultants to your business, in addition to a lawyer and CPA, should be an insurance professional. You want to make sure you have enough coverage without being over insured. Here is an article from the NFIB that talks about some of the possibilities. You can read Choosing Your Specialty Insurance by clicking here.
What do you think? Does your business require special insurance? Do you have an insurance horror or success story?