You’ve worked hard to build your business and become an entrepreneur. But do you know what to do if an unexpected event arises? Why do businesses need insurance? Check out why it matters for companies of all sizes.
You’ve heard that you need protection. But you don’t definitively know why you need it and how it can help.
You may also be wondering, “What insurance do I need? Which coverages should I get for my business?”
Preparing in advance with proper Business Insurance coverage can mitigate future risks and claims. Claims such as legal liability and property or bodily damage, and help you in a time of need. If you were to have an incident occur, you would have to pay for legal fees, cost of damages and more out of pocket.
Why Business Insurance Matters for Companies
For many businesses, especially small businesses, these costs could ultimately result in having to shut down your business. Small, medium, or large: insurance will keep whatever size business safe. The gig economy and side hustle is also getting more popular as a means to earn an extra dollar but it doesn’t mean they’re exempt from getting the right business insurance too.
Through this infographic, learn more about the growing gig economy, the rise of Canadian small businesses and how it can protect your hard work.
Further reading: How a Broker can help you get the Best Insurance