The world of business insurance can be tricky for startup companies. Here’s what you need to know.
Between generating loyal customers, correcting the revenue model, and landing your team a stellar supervisor, insurance falls way down the list of important to-dos. However, proper business insurance coverage can be critical to, and is often a requirement for, a startup’s success.
Here is a breakdown of the main types of business insurance startups need and why you’ll need them!
General Liability Insurance: Otherwise known as “slip and fall” insurance, this coverage goes way beyond office mishaps. Coverage ranges from all kinds of bodily injury and property damage caused by your company. Additionally, it includes the actions of your team members outside of the office as well as the use of your products by your customers.
Workers’ Compensation: Workers’ Comp covers injuries to your own employees while on the job. Even if you only have one ...