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Small-Business Insurance FAQs

Does my small business need insurance?

Yes. Not having insurance - or not having the right kind of coverage - can put your business at risk. Without adequate insurance, a fire, theft, employee accident, or lawsuit could destroy your business and might even consume your personal assets.

In fact, your business may be legally required to have certain kinds of insurance. For example, if you have employees, your state may mandate that you carry workers' compensation coverage, or you may have to prove you have specific types of coverage in order to get a state or local business license. In addition, people such as landlords or suppliers may require you to have coverage as part of a contract.

What can I do if I can't afford business insurance?

According to the Insurance Information Institute, about 40 percent of small business ... http://quote-insurance.ucoz.com/news/one_business_insurance/2013-06-25-3681