12 December 2022
As a retail store owner, you know that your business is unique. You may have a storefront and a team of employees, but you also have customers who are the backbone of your business. Your customers are what keep your business thriving and allow you to keep your doors open. But what happens if one of those customers gets injured while shopping in your store? Or what if something breaks or is stolen?
13 April 2021
Business insurance coverage protects your business from litigation and compensation suits if your business is responsible for personal or property damages. Below is a guide explaining the various types of insurance covers that your business should consider. Workers' Compensation Insurance Workers' compensation is a compulsory cover that provides compensation to employees that get injured at the workplace. The insurance policy will cover legal costs and the settlement fees of injured employees.
16 December 2016
When you choose to open a business, you need to keep in mind that you will be exposing yourself to a considerable amount of risk. One serious lawsuit could potentially put you out of business. Therefore, it is crucial for all business to consider commercial insurance. However, you will find some small businesses will try to keep their operational costs low by foregoing commercial insurance, assuming that they will take out a policy once they are profitable.