Why you would need it:
Small Business Insurance may refer to a range of insurance policies that are applicable to small businesses. It’s an umbrella term that could include several important policies, such as:
Cost of Small Business Insurance
The cost of small business insurance may vary tremendously from one business to another. Generally, the smaller your business the less you tend to pay. Factors such as revenue, number of employees, years of experience and so forth, play a part in determining your premium.
Having no previous experience in an industry is a factor that can make your insurance premium go up.
Just like with car or home insurance, previous claims can impact your business insurance cost.
Which small businesses need insurance?
According to canadabusiness.ca, small businesses are exposed to a lot risk and every day and should have some form of small business insurance.
Popular small businesses that need insurance:
- Retail stores
- Architects and Engineers
Small Business Insurance for entrepreneurs
Running a small business is a ton of hard work and also a source of pride.
Get the protection you need today!
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