2 Types of Insurance Every Small Business Must Have

There is insurance out there that can cover literally every aspect of your business. It’s important to get your insurance tailored to the specific needs of your small business, so that you’re not overpaying on insurance that you don’t need, or worse, missing out on coverage that you do need.

It’s a good idea to get several insurance agents to conduct a risk analysis—it’s free and they will probably be able to pin point risks that you hadn’t thought of. However, here are 2 basic types of business insurance that every small business needs, no matter who you are, no matter what you do.

General Liability Insurance for small businesses

Every business needs general liability insurance: yes, even if you’re based out of your home. The smaller your business, in fact, the less able you are to deal with legal hassles on your own. That’s why general liability insurance is so crucial for a small business.

Basically, general liability insurance protects your business from costly litigation. This could stem from alleged bodily injury, property damage, libel, slander, or a host of things someone could sue you over.

Errors and omissions insurance

Also known as professional liability insurance, errors and omissions insurance is different from general liability. It specifically protects your business against errors and negligence when it comes to providing service to your customers. This is a required form of insurance in many states, so make sure you’re in full compliance with the law.

These two types of insurance are just a starting point. Your small business deserves protection. Contact Heuer Insurance today, and find out how we can help you find the right coverage for you.

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