Small business insurance is a necessity. It can fill the gap between the protection of your personal assets and protecting your business. It is also a source of relief when the unexpected happens.
For example, the pandemic has ravaged many small businesses. Some of the most affected businesses have been restaurants and small hotels due to the lockdowns that have taken place. Persons are receiving reduced salaries, have been laid off or made redundant. As such, neighborhood shops have also been impacted by reduced sales. This has made it even more clear that these businesses need insurance protection. Because even our neighborhood grocer needs to have coverage in the event of business interruption.
You will have already implemented mandatory insurance requirements. These include workers’
compensation, unemployment, and disability insurance. But you also need additional insurance for other aspects of your business operations.
Therefore, now is the time to review your insurance policies and ensure that you’re properly covered for any eventuality. Ensure that the insurance coverage is tailored to your type of business, is easily accessible (online claims processing is allowed), that it and provides the essential coverage.
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