Starting a new business comes with a lot of excitement and potential, but it's also important to recognise the risks involved. As a new entrepreneur, you likely invested a great deal of time, money and effort into launching your business. Imagine what would happen if an unforeseen event or accident were to occur that could potentially jeopardise everything you have worked so hard for. This is where business insurance becomes crucial.
With more and more business transactions occurring online, small businesses are facing increasing cyber threats. Yet, many small businesses remain reluctant to buy cyber insurance, assuming that cyber attacks will never happen to them. The truth, however, is that cybercrime affects businesses of all sizes, and without the right insurance, your small business could be in serious financial trouble. So, what do you need to bear in mind?
Attacks May Be Rising
If you are a skilled tradesperson and have decided to set up as a new contractor, you need to pay careful attention to insurance. While you know that you will need public liability insurance, it's important to understand what this is and, crucially, what it is not. So, how can you ensure that you get the best protection possible?
Understanding Public Liability Insurance
Public liability insurance is essential for a contractor.
Did you know that more than 300 billion emails are sent and received each day around the globe? Your business may receive more than its fair share of them, and your employees may have individual email boxes that always appear to be full. With so much coming in daily and seeing as your employees are busy anyway, certain dangers lurk within those email boxes. What will happen if one of your employees inadvertently opens a "
If you run a restaurant, you might be worried about the devastating effect of a fire or burglary on your establishment. Given that most businesses are recovering from the impact of the COVID-19 pandemic, you might not have the resources required to get the restaurant back on its toes. Insurance coverage will offer a financial cushion when these unforeseen events occur. Below is a guide detailing the various insurance covers your business might need and how you can manage them.
