6 Types of Insurance Needed To Start a Small Business Insurance
Starting a small business can be a risky venture, but having the right insurance in place can help protect your assets and employees. Here are six types of insurance that are typically needed for small businesses: 1) Commercial Auto Insurance If you or an employee is involved in an accident while using a corporate car for business purposes, commercial auto insurance can assist with paying claims for property damage and physical injuries. Therefore, this insurance might aid in covering the costs of damages if your employee swerves off the road while making a delivery and hits a mailbox. 2) Data Breach Insurance If personally identifiable information is lost or stolen, data breach insurance can assist your company deal with the situation. Your expenses for things like: · Inform affected clients or customers. · Launch a PR campaign to enhance the standing of your company. · Provide services for credit monitoring This coverage may be known as cyber liability insuranc