3 Reasons To Encourage Small Business Owners To Get Insurance

You are putting your small business at risk if it is not yet insured. Insurance ensures that your business is safe against sudden emergencies or accidents. Unfortunately, many small business owners often neglect to insure their businesses.

As a newbie in the business industry, business insurance might be confusing. If your small business is still uninsured, maybe it is time to make it.
​
Here are the reasons that will help you better understand the essence of getting and maintaining your business insurance.

Protection Against Problems Caused By Human Or Natural Elements
Insurance protects your business against natural disasters. But not in a way that it will shield your establishment against strong winds and heavy rains. Business insurance provides you with financial backups to replace or repair the damages caused by the disaster.

Insurance is necessary as a way of protecting your business against disaster. Beyond natural disasters, insurances also cover damages caused by humans in many cases.

Prevents Being Sued
If one of your customers sues your business, you may be kicked out of this industry, especially without insurance. This can happen despite winning the case considering the expensive legal fees.

Having a legal battle requires you to hire a professional lawyer. And you know that fees charged by an attorney are not going to be cheap. If your business is not insured, all the costs you will need for the case will come from your enterprise. With this in mind, you can end up losing all the money you earned from running your business.

Workers’ Compensation Claim
Accidents may happen anywhere and during the most unexpected time. When one of your employees is injured while working, you will need to pay a worker’s compensation claim. If uninsured, you will be getting this amount of money directly from your pocket.

In addition, if your worker is injured, you may also need to pay his hospital bills and medications. A worker’s compensation claim may range from hundreds to thousands of dollars. This alone could financially hit your business.

Summary
Now that you know the possible risks your small business may get into, you may feel encouraged to get or maintain your insurance. Business insurance offers additional protection to your small business against unforeseen accidents that may happen.

At Family Auto Insurance Agency, 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 (313) 285-9042 or Click Here to request a free quote.