Who needs Business Owners Insurance?

Small businesses such as retail stores or restaurants, and independent contractors need business owners insurance to safeguard against unexpected financial loss.

As a small business owner, you’re exposed to many risks. An accident caused by you or one of your employees could result in a lawsuit that puts you out of business. Business Owners insurance could prevent this from happening by providing liability protection.

As a contractor, you’re generally required to carry business liability insurance that protects the interests of a property owner or the worksite’s general contractor.