Streetsmart insurance Blog
Are you looking for an insurance policy for your small business? You are one of the million people who find ways to protect themselves from their loss in the company. According to Manta and Insureon, less than three out of ten small business operators have the necessary business insurance. If someone stole your equipment, can you pay for a replacement to continue your business? What will you do if your business encountered a lawsuit? Get to know the three significant means that can be your lifesaver from this article.
Business Owner’s Policy
Break-in or burglary can happen no matter where you’re located. Business owner’s policy covers the following:
When it comes to losing revenue due to property damage, theft or unexpected disaster, business interruption insurance can be your rescuer. It can supplant your lost income when you can’t run your business as usual. This policy can help you in rebuilding stage of your business.
Professional Liability Insurance
Often used by many professional service businesses, this type of policy deals with errors and omissions. Sometimes mistakes happen. For example, if you mistakenly calculated one of your client’s tax returns, that person can sue you because of having a massive fine to IRS caused by underpaid taxes. Your professional liability insurance can help you during the lawsuit.
Good to know: Some clients require professional liability insurance for you to have before they sign a contract with you.
It’s true that giant companies can be victims of cybercrime. In cases like your small business was attacked by hackers, your customer credit card info can be stolen, and you can be sued because of what happened. Your small business is your life. Cyber insurance can help you if your company faces a data breach.
For some businessmen, buying premium seems like an unnecessary luxury, but protection is essential for your small business. Rather than taking foolish chances in your small business, consider purchasing a business insurance plan to secure your future. At StreetSmart Insurance, we aim to make our client's life easier with policies that are tailored to their needs. You can get more information about our products and services by calling our agency at (732) 462-8343. Get your free quote today by CLICKING HERE.