In the US, business insurance legal requirements vary by state, so it’s worth checking to see what your particular state requires. Even if business insurance isn’t a requirement in your state, it’s a good idea to have insurance coverage to help protect your personal finances in case a customer files a claim against you for alleged damages or negligence.
Here are some more examples of how business insurance can help:
People want to work for a company that is insured so they feel protected; it also shows that you take your business seriously. Plus, if your employees get injured on the job or end up causing damage to a client’s property, they become a major liability for your small business. You never know what kind of claims could be filed against your business due to your employees’ work.
If you are renting office space, many landlords may require you to have some type of insurance coverage. Having this coverage can help make the owner of the building feel more confident that if anything gets damaged, your insurance policy could cover it.
Your business could actually grow by getting more clients if you are insured -- especially if you are a handyman, landscaper, or run any other business where you work on a clients’ property. It shows that you take your business seriously, plus it gives your customers the peace of mind they need to hire you for larger or more expensive projects.
Whether you’re shopping for a brand-new policy or comparing policy prices, we can help you find affordable protection that’s personalized to your needs. Start your quote here!
*Harborway Insurance policies are underwritten by Spinnaker Insurance Company and reinsured by Munich Re, an A+ (Superior) rated insurance carrier by AM Best. Harborway Insurance is a brand name of Harborway Insurance Agency, LLC, a licensed insurance producer in all 50 states and the District of Columbia. California license #6004217.