Small business owner

Running your own business comes with plenty of achievements, but every business also has its own risks

Everything you need

Why do small business owners need insurance?

Small businesses are often left in the dark when it comes to protecting what they have built. No matter what type of small business you operate, each one comes with a particular set of common risks. Obtaining the right insurance is crucial to protect your business from:

Requirements

Lender or lease requirements

Accidents

Employees accidents and injuries

Loss

Lost, stolen, or damaged property and inventory

Lawsuit

Reputational damage and customer lawsuit

Interruption

Business interruption and lost income

What does small business owners insurance cover?

Choosing the right small business insurance can help protect you from costly risks and liabilities, the right policies for your business will depend what product you sell and what service you offer and where you are located.

Here are some of the most popular insurance policies for small business, covering the most common risks you'll face as a small business owner:

Bodily Injury

Someone other than you (or an employee) is injured and your business is responsible for medical, legal and damages.

Third-Party Property Damage

Customer property is damaged by you (or an employee).

Advertising and Reputational Injury

Your business is accused of copyright infringement, malicious prosecution, slander, libel, wrongful eviction and violating a person's privacy.

Product Liability

Products developed or sold by your business harm people or property, and your business is responsible for legal and medical expenses.

What types of small business owners do we cover?

  • Wholesalers

    Manufacturers

    Retailers

    Construction Companies

    Restaurants

    Bars

    Laundromats

    Real Estate Agencies

  • Lawyers

    Auto Services

    Architects

    Dentists

    Doctors

    Hotels

    Farmers

How much does small business owners insurance cost?

Coverdash helps you identify the appropriate coverage to suit your small business needs without breaking the bank. The exact amount you pay will depend on:

  • The type of small business you operate
  • Your revenue and employee payroll
  • Your number of employees
  • Your business location
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Summary

This page discusses the importance of insurance for small business owners, highlighting common risks such as accidents, loss, lawsuits, and business interruption. It details various types of coverage, including General Liability and Product Liability, and lists the broad range of industries that can be insured. The cost of insurance is presented as variable, depending on factors like business type, revenue, and employee count.

Key Facts

Frequently Asked Questions

Why do small business owners need insurance?

Small businesses are often left in the dark when it comes to protecting what they have built. No matter what type of small business you operate, each one comes with a particular set of common risks. Obtaining the right insurance is crucial to protect your business from: Requirements, Accidents, Loss, Lawsuit, Interruption.

What does small business owners insurance cover?

Choosing the right small business insurance can help protect you from costly risks and liabilities. The right policies for your business will depend on what product you sell, what service you offer, and where you are located. Popular insurance policies include General Liability, Product Liability, and coverage for Bodily Injury, Third-Party Property Damage, and Advertising and Reputational Injury.

What types of small business owners do we cover?

Coverdash covers a wide range of small business owners including Wholesalers, Manufacturers, Retailers, Construction Companies, Restaurants, Bars, Laundromats, Real Estate Agencies, Lawyers, Auto Services, Architects, Dentists, Doctors, Hotels, and Farmers.

How much does small business owners insurance cost?

The exact amount you pay for small business owners insurance will depend on the type of business you operate, your revenue and employee payroll, your number of employees, and your business location.

Related Entities

Companies
Coverdash
Products
General Liability, Product Liability