Risk of Going Uninsured
5 Business Risks: Protect Your Company
Property Damage Property damage can arise from various sources, such as natural disasters, accidents, or theft. Repairing or replacing damaged property can be a costly affair, which can adversely affect your business operations. To shield your business against property damage, it is crucial to obtain commercial property insurance. This type of insurance can provide coverage for damages to your building, equipment, and inventory. It can also cover the cost of lost income if your business is unable to operate due to property damage.
Read More6 Holiday Office Safety Tips
Decorations, additional inventory, and other unexpected items usually pop up during this time of the year. Hence, it may be a great idea to revisit ladder and lifting safety if your industry requires these skills.
Read MoreEnd-Of-The-Year Business Insurance Review
Within the past year, did your company improve your business facility? Are there areas of your property that need maintenance or repair? Review your property insurance to make sure you are fulfilling all obligations that may exclude you from available coverage for certain risks.
Read MoreExposure Associated with Skipping Business Insurance
Federal, state, and local laws require small businesses to carry insurance for a wide array of reasons. When your business fails to secure these policies, you could face expensive fines and penalties.
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