This Story Behind Three Small Business Insurance Will Haunt You Forever! | three small business insurance

If you run your own business and have less than three employees, you may think that you are not required to obtain three small business insurance policies. You probably think that the cost of such insurance is too high and that you can't afford it. This is far from the truth. You may be surprised at just how affordable it can be. Here are a few reasons why you should consider investing in your business' general liability insurance, professional liability insurance, and property protection insurance.

One of the three big three small business insurance myths that we often hear is that you don't need to get this type of insurance policy. While this myth might be true, it's not because it is really unnecessary. In fact, most small business owners actually do need to get some type of general liability insurance policy to protect them and their customers.

One of the three big three small business insurance myths that we often hear is that it is unnecessary for them to purchase professional liability insurance. While this myth might be true, it's not because it isn't needed. Professional liability insurance protects you if someone makes a wrong turn and hurts you or your customer. Property protection insurance protects you against damage or loss to your property. And while you definitely don't want to be held liable for any damages that your customer suffers, it can be very helpful to protect you against losses that you happen to experience while performing your service.

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Another of the three big three small business insurance myths that we often hear is that they don't need to purchase an umbrella liability policy. Umbrella policies offer an excellent protection if you accidentally hurt someone while making repairs on your car or home. But did you know that umbrella policies can also offer protection from liability claims as well? This is great news if you happen to run into someone who simply has a grudge against you. Additionally, it is often required by law in order to take advantage of these protections. Therefore, purchasing an umbrella policy is definitely a good idea.

The last of the three small business insurance myths out there is probably the most dangerous one. That would be the myth that somehow liability insurance doesn't help you with your taxes. While liability protection can certainly help you pay your taxes, it will not help you offset any additional costs that you may incur while dealing with the IRS. So don't believe this one!

If you have ever heard one of these three small business insurance myths, ask yourself if you would honestly let that happen to you. If you are unsure about whether or not you would be willing to let that happen, then perhaps it's time to put some thought into purchasing some sort of commercial insurance coverage. After all, you wouldn't want to be held liable for damage or destruction that was the result of negligence on the part of a third party.

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