Small business owners have a lot going on, and it’s easy to let something like business insurance drop to the bottom of the list. But it’s important to protect your business from claims and lawsuits that you can’t see coming.

You could be sued for just about anything, even if you haven’t made a mistake. If someone slips and falls in your shop, or if a client thinks you didn’t do the job the way you said you would, you could find yourself facing a lawsuit. Business insurance can cover the cost, including the cost to defend yourself.

Some professions require that you have business insurance. Many healthcare-related professions require professional liability insurance, which is sometimes referred to as malpractice insurance. Sometimes, a contract will require that your business be insured.

The cost of small business insurance depends on the industry you’re in, the size of your business, the type of insurance, and other factors. Most small businesses spend $30 a month or less for a general liability policy, but your costs could vary. You can get a quote in the box above to find out how much your coverage may cost.

This depends on the type of business you have. Most businesses will need general liability insurance, especially if you meet with clients face to face. If you offer professional advice, you should also have professional liability insurance. If you have business equipment, like computers or tools, you may consider a business owners’ policy (BOP) which combines general liability with coverage for your business property.

Hiscox is currently licensed to offer professional liability insurance coverage in many states across the U.S. However, if we are not currently licensed in your state, we can still help. We have access to specialist insurance brokers across the U.S. who may be able to assist you. Contact one of our licensed advisors at 866-283-7545 (Monday - Friday, 8am-10pm EST).