Believe it or not, there are several small business owners out there who believe they are not risking anything by not obtaining small business liability insurance. They could not be more wrong. In fact, without business liability insurance coverage, everything about the business is at risk One of the most important aspects of protecting the security of your small business is insurance, a topic that is too often overlooked. While hard work, creativity, and passion are the foundations of a successful company, a company that utilizes all three is still at risk to losing it all. One simple lawsuit or theft could outright damage the integrity of the business you worked so hard for. In addition, this lawsuit could possibly put your personal assets at risk as well.
This being said, having the right small business liability insurance is the most fundamental aspect of a business.