Posted by : Dan Levenson Tuesday, July 29, 2014
Owning a business, big or small, means having a lot of things to protect.
Forbes.com put thirteen things in their list that every small business owner should have: a liability insurance, property insurance, BOP (business owner’s policy), commercial auto insurance, worker’s compensation insurance, professional liability insurance, directors and officers insurance, data breach, homeowner’s insurance, renter’s insurance, life insurance, personal automobile insurance and personal umbrella insurance.
That’s quite a laundry list, isn’t it? Believe it or not, though: insuring your small business for the long run is actually a good thing. Business operates on a 24/7 schedule, and any ripple from the flow will interrupt the operations of your business. To achieve success in a business, there must be consistency in the operations and processes. Once a business owner gets full protection from insurance, he is freed from any unwanted and harmful liabilities that he may shoulder. Providing protection to your business, including your employees, would mean better production and rendered service, because they know they are safe and at ease.
It’s better to keep it smooth by having all the protection you can get and being prepared for anything that could happen, especially when the real world is full of surprises and the unknown.