It’s crucial that companies have the right insurance for small business. Just as importantly, when incidents occur and insurance claims are made, insurance claims payouts should happen quickly and efficiently.

Do you have questions like, “How much umbrella insurance do I need?” or “How much does umbrella insurance cost?” Before you decide how much commercial umbrella insurance coverage you actually require, it’s important to understand how this type of policy works.

Many of the companies started every year take the form of a limited liability company or LLC. Registering as an LLC provides a certain amount of separation between your business assets and your personal assets.

A Certificate of Insurance is a physical or electronic document that proves you have insurance. It provides important details about your policy that you, a client, a landlord or someone else might require.

As a notary, you have an important job and must execute your duties carefully. Make even a small mistake and a client might sue you. Then, of course, there are other, more general risks—the kind that every business faces, like the risk of a visitor being injured at your place of business.

If you’re a home inspector, you face lots of risk in your work. To keep yourself covered, you need home inspector insurance. Let’s dive into what that is and why you need it.

Commercial insurance, sometimes called business insurance, provides crucial financial protection for businesses. Liability insurance—one form of commercial insurance—is particularly important because any company can be sued by a customer or someone else who claims that the business caused some type of damage that affects them—physical injury, property damage, or financial harm.

Running a small business comes with many risks. Consequently, having the right small business insurance is essential. Without policies like general liability, workers’ compensation, professional liability, property & liability, commercial auto, cyber insurance, and commercial umbrella, your company could be hit with liability lawsuits or losses that result in an unbearable financial burden. Sadly, many businesses close their doors every year for this reason.

Any business can become the target of a lawsuit from someone who feels the company injured them in some way—physically or financially. However, there are steps you can take to begin legally protecting your business and minimize the risk of a small business lawsuit. You can also prevent serious financial harm to your company by having the right small business protection through insurance coverage.