Wind and hail damage: $26,000
Customer slip and fall: $20,000
Water and freezing damage: $17,000
Struck by object: $10,000
Burglary and theft: $8,000
Can your small business survive if any one of these things happen? If not, you might need small business insurance.
Why Get Insurance for Your Small Business?
Beyond the scary numbers above, let’s break down more reasons why your small business may need insurance.
Reason 1: You can cover property damage.
Business insurance helps cover the costs associated with property damage. You don’t want to find yourself responsible for out-of-pocket costs for costly damages and legal claims against your company. You want to protect yourself if, for example, you’re offsite at a client’s premises and accidentally damage their property.
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