Why you need business insurance: five risks that small businesses face
By Eric Michaels
Most entrepreneurs recognize the logistical challenges that come with starting a successful business. Between studying the market, crafting a sound business plan, and figuring out the local tax code, you will end up spending a lot of time and money getting it straightened out. Make sure to protect that investment by insuring your young business against problems that may arise in the course of operations.
Even if you have no employees and work out of your home, insurance may save your company from a crushing blow. Here are some examples of risks that owners face:
Once you have your operation up and running, any lack of preparation could come back to haunt you and your partners.