What is Small Business Insurance?
Small businesses may be limited in size, but they’re still sometimes exposed to substantial risks. In fact, there are few small businesses in Vermont that don’t have any risk exposure. That’s why insurers offer a variety of small business insurance solutions.
“Small business insurance” is used to describe many different insurance options that are available to small businesses. The phrase isn’t technical industry jargon but rather a convenient way of describing many different policies that small businesses might find helpful.
What Small Businesses in Vermont Need Insurance Coverage?
Most small businesses in Vermont should consider getting at least some insurance coverage, for (as mentioned) few businesses are free from any risk. In some cases, businesses might be required by law and/or an agreement they signed to purchase specific insurance protection. In other cases, businesses simply would have a difficult time financially surviving a major disaster without coverage in place.
Even sole proprietors who work from home often can benefit from having certain insurance coverages. For example, a sole proprietor who drives between their home office and client locations may have to purchase some form of commercial auto insurance. Alternatively, any business owner who keeps records online ought to think about getting cyber insurance in case they have a data breach or are targeted in an online attack.