Starting a business is probably one of the riskiest moves you’ll ever make.
30 percent of small businesses close shop within the first two years. 50 percent never keep their lights on long enough to celebrate the fifth anniversary, and 66 percent won’t make it past 10 years. What are the odds your business will be here for the long haul?
That said, entrepreneurship is all about risk. And the good news is there are measures you can take to manage those risks. One of these measures is purchasing business insurance.
But then, just how many types of insurance doe a business need?
In this article, we are fleshing out the various business insurance policies on the market. We will then tell you what you need.
General/Public Liability Insurance
The simple act of inviting customers to come and check out your premises is in itself a risk. If a person …