Liabilities and Insurance
Before starting your business, you should be aware of the potential liabilities that may be incurred when operating a business. You should look into what types of insurance may be required or may be in your best interest to protect your investment, business property and business income. Insurance companies can put together a specialized insurance package to meet the exact needs of your business. While it often makes good business sense to purchase various forms of insurance coverage, don’t buy what you don’t need! Here are some general types of insurance that you may want to consider.