Small Business Articles

All businesses face financial risks, and that includes LLCs. Does an LLC need insurance? Yes, it does.

Electricians know there are physical risks associated with their profession. If you don’t do your work correctly and cautiously, you can be severely injured. But there are also financial risks.

Whatever type of cleaning or janitorial services you provide—for homes, businesses, government entities, etc.—you’re dealing with spaces and property that belong to others. If you or someone working for you accidentally causes some damage, you can be sued.

Helping individuals and businesses manage their money is work that comes with tremendous responsibility and significant risk. For example, one small mistake can be grounds for an expensive lawsuit. Or a simple slip-and-fall accident for a client visiting your office can cause an injury that leaves you liable for the person’s medical bills, lost wages, etc.

A guest slips in your lobby, falls, breaks their arm, and sues you. A storm sends a patio chair through a large window. Someone hacks your computer system and steals customer credit card information. If you own or operate a hotel, you know these are just some of the kinds of incidents that can be very costly for your business—particularly if you don’t have hotel insurance. Hotel insurance is a term that refers to a group of policies that owners likely need.

Whether you do pet sitting, dog walking, pet grooming, or some other form of pet care, you deal with animals that can be unpredictable. They’re also cherished family members, so their owners can be frustrated, angry, and ready to file a lawsuit if anything goes wrong.

If you own a lawn care or landscaping company, you know your business faces many risks.

As a handyman, every project you take on is unique and presents different risks. For example, you might do some basic plumbing work that produces a leak that causes damage. The same is true if you do minor roof repairs. And there are many risks associated with remodeling projects.

Whether you’re a caterer, food truck operator, meal prep company, or other organization focused on the culinary arts, you need financial protection in case you suffer a loss or get sued. Depending on the type of work you do, you may need one or more of what are referred to collectively as food service insurance policies.