Business Insurance is a Must-Have – and Here’s Why…
Every entrepreneur has something of the gambler about them – you must have to risk launching your own business and going it alone. Risk-taking comes naturally to you, every professional decision that you’re faced with carrying pitfalls alongside potential profits. It’s natural, then, that some businessmen may be inclined to give insurance a miss and take their chances in the big, bad world.
If it were down to us to advise you, we’d tell you that following that particular path is an out and out mistake. Life is full of risks, we know, but some really aren’t worth chancing. If you’re umm-ing and ah-ing over insurance, here are three reasons that you really do need it…
5 Insurance Mistakes Small Business Owners Must Stop …
You Owe It to Your Business
As a business owner, you see potential in your enterprise – if you didn’t, it wouldn’t be up and running now. However, if you fail to take out insurance, you leave it utterly unprotected against life’s vagaries. That’s a choice made by you. Should disaster strike, and your stock be ruined, or your premises flooded, running that risk, too, is a choice that you made. If you think that your business is worth something, then it’s worth insuring.
You Owe It to Your Employees
If disaster did befall your unprotected business, you wouldn’t be the only one to suffer for your folly. Should your enterprise go down the drain, your staff members would suffer beside you, finding themselves out of work and without a backup plan.
Business Insurance
However, it’s not only an indirect knock-on effect that they face when you fail to insure your business. You see, insurance isn’t only in place to protect your enterprise; it’s also there to protect your employees, in a sense. If they’re injured at work and forced to claim against you, it is this cover that will be responsible for awarding them damages on your behalf.
You Owe It to Your Customers
Your employees are not the only people protected by your insurance; it also takes care of your customers for you. Should they suffer an accident that you’re responsible for, your insurers will cover the cost of them claiming against you. Similarly, they’ll bear the brunt if you make a mistake or commit a crime, ensuring that remuneration is paid out on your behalf.
4 Basic Ways to Save on Small Business Insurance … – Hiscox
Business Insurance
If you want to see your business, your prospects, your employees, and your customers taken care of in the event of an accident or emergency, then it’s really a no-brainer: contact an insurer like Catlin today and protect the things you care about.
Category: Business
