Business Insurance 101 - Everything You Need to Know

Running a small business is like walking a tightrope. It’s thrilling, but it also comes with some risk. Whether you’re a veteran entrepreneur or making your first foray into business, there are an overwhelming number of things to learn. New business filings, marketing, customer service, and hiring and managing a team are likely all on the top of an every growing list of things you have to master.

Small business insurance: what’s in a safety net?

As you perfect this balancing act, what happens if you make a misstep? Once you’re on that tightrope, you really should have a safety net. That’s where small business insurance comes in. You will face risks in your business every day, and they can be catastrophic if you’re not prepared for them. If someone slips and falls in your place of business, or if an unhappy customer sues you, you could be looking at a potentially devastating lawsuit. Small business liability insurance could protect you by covering the costs associated with these kinds of incidents – even if you haven’t made a mistake. Get a fast, free business insurance quote now.

What’s in our guide to small business insurance?

Read the Small Business Insurance 101 guide to get a comprehensive overview of small business insurance, including:

• The types of small business insurance that are available, and which ones you need
• A checklist of the important information you’ll need to apply for coverage
• A step-by-step introduction to business insurance policy documents, like your waiver of subrogation, explained in plain English
• The steps for how to file a small business insurance claim, and what you can expect during the claims process

Learning about small business insurance can seem like learning a new language, so we’ve tried to explain everything you need to know in a vocabulary that’s easy to understand. You’ll find out how to choose the right coverage and what you can expect from your policy. Once you understand the different kinds of insurance and how they can protect your business, you’ll be ready to get a quote and see how affordable it can be. You can get a business insurance quote online in just a few minutes, and your business can be protected starting the very same day. That’s one more thing you can check off your list of things to do to get your business off the ground.

Hiscox provides business insurance for the courageous 

At Hiscox, we encourage courage, and we want you to have the courage to embrace risk, step off the platform onto that tightrope, knowing you’ve got a safety net beneath you.