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I Own A Small Business: Do I Need Business Insurance?

Since the pandemic has arisen, it seems like a huge loss had happened to many businesses and business owners, not to mention tons of people who lost their jobs. We humans possess an amazing nature to stand up and fight amidst a crisis. So, here you are, now, running a small business or planning to run one despite the current circumstances.

Having a business is important, but ensuring that you’re covered for the risks that come with it can be tough. You might not think of yourself as an insurance risk, but if something happens to your business, you could end up risking more than you anticipated. Fortunately, there are ways to protect yourself against these risks. This blog post will help you decide which is best for you.

Insurance Policies To Consider

Small businesses face distinctive challenges and risks which will impact their bottom line and reputation. Understanding how to defend your business, and protect yourself from these risks, could be a prime priority for tiny businesses. Consider the types of insurance policies for your business below.

1. General Liability Insurance

Business owners want to be sure they’re covered for all possible scenarios. General Liability Insurance can help ensure your business is protected, whether it’s an emergency, disaster, or legal cost.

2. Commercial Property Insurance

Commercial property insurance helps pay for disasters like fires, storms, or theft. With these coverages, you can help pay for damage to your premises.

3. Business Income Insurance

Business income insurance covers you for both business interruption and income loss. Moreover, it helps your company make up for lost income if you cannot work due to insured property damage.

Many business owners start with business owners policy (BOP), combining all three mentioned above. No matter where you are with your business, it’s important that you choose the right type of insurance for you and your business. A small business owner or still panning for building one can build a foundation and safety nest from potential risks ahead.

At Second Western Insurance Services, we do our best to ensure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (818) 952-5203 or Click Here to request a free quote.


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