Take proactive steps to avoid these common threats to your small business!
Building a small business is a lot of work. You’ve probably lost sleep while trying to get your business off the ground, so you definitely don’t need anymore stress about your business. That’s why it’s important you defend it against common risks! Here are three threats to your small business that you should look out for, and what you can do to defend your business from them.
- Injury. What happens if one of your employees slips on the job? You’ll feel responsible (and legally, you are) but coming up with the money to pay for his or her medical bills might not be easy. Get workers’ compensation, and you won’t have to feel this stress! This coverage will pay for medical expenses and lost wages if one of your employees is injured or becomes ill in the course of work.
- Disaster. It’s the stuff of nightmares. A fire sweeps through your building, or a thief makes away with all of your valuable equipment. What would you do if this kind of situation occurred? If you have commercial property insurance in place, repairing or replacing what’s damaged or stolen is covered. It’s also a good idea to consider business interruption insurance in case you need to close your doors while your business recovers. This policy will help you stay on top of ongoing expenses like bills and payroll.
- Data Breach. In our digital age, hacks are common. If your business is compromised by one, you’ll need cyber security insurance to protect against the associated expenses.
While you can take steps to avoid the most common risks, your business will likely face others you could never have predicted. That’s where your commercial insurance will come in! Protect your hard work against any threats to your small business by putting the right policies in place. Contact Nahai Insurance Services for all of your commercial insurance needs.
