Insurance provides small businesses with protection against liability for accidents or injuries that occur on their property or as a result of their products or services.
Insurance can protect small businesses from the cost of damages to their property, including buildings, equipment, and inventory.
Insurance can provide small businesses with protection against financial losses resulting from unexpected events, such as natural disasters or power outages.
Cyber insurance can protect small businesses from the cost of data breaches, cyber attacks, and other cyber-related incidents.
1Many businesses are required by law to carry certain types of insurance, such as workers' compensation and commercial auto insurance.
Some types of insurance, such as workers' compensation, provide financial support to employees who are injured or become ill while on the job.
Insurance can provide small businesses with protection against lawsuits and legal fees in case of disputes.
Insurance can provide small businesses with protection at a relatively low cost compared to the potential financial losses from unexpected events.