Even when cash may be scarce, or revenues down, small businesses should not neglect their insurance needs. Businesses that are underinsured or without broad, proper and adequate coverage are taking needless risks, which could eventuate in serious financial problems, including bankruptcy. In a crisis, a business without insurance or which is underinsured can be totally destroyed.
Business owners must be thoroughly informed on what their insurance policies cover and what is excluded. A periodic review of insurance, therefore, is an absolute necessity, along with updates and adjustments in coverage as circumstances change. This article will discuss the various types of insurance available to small businesses and what you should do to best protect yourself against harmful claims against your business.
For more details Contact Oakentrust Insurance Agency Ltd.