{"id":5117,"date":"2016-04-04T10:47:57","date_gmt":"2016-04-04T15:47:57","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-law\/smallbusiness\/liability-and-insurance\/why-you-need-business-insurance.html"},"modified":"2024-05-23T02:30:37","modified_gmt":"2024-05-23T07:30:37","slug":"why-you-need-business-insurance","status":"publish","type":"page","link":"https:\/\/www.findlaw.com\/smallbusiness\/liability-and-insurance\/why-you-need-business-insurance.html","title":{"rendered":"Why You Need Business Insurance"},"content":{"rendered":"\n
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Why You Need Business Insurance<\/h1>\n
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\n By Susan Buckner, J.D.<\/a> | Legally reviewed by Susan Mills Richmond, Esq.<\/a>\n | Last reviewed\n
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Editorial Note: We earn a commission from affiliate partner links on FindLaw. Commissions do not affect the editorial integrity of our legal content.<\/p>\n\n <\/div>\n \n

\n \n <\/i>\n Legally Reviewed\n <\/summary>\n\n
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This article has been written and reviewed for legal accuracy, clarity, and style by FindLaw\u2019s team of legal writers and attorneys<\/a> and in accordance with our editorial standards<\/a>.<\/em><\/p>\n\n <\/div>\n <\/details>\n\n

\n \n <\/i>\n Fact-Checked\n <\/summary>\n\n
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The last updated date refers to the last time this article was reviewed by FindLaw or one of our contributing authors<\/a>. We make every effort to keep our articles updated. For information regarding a specific legal issue affecting you, please contact an attorney in your area<\/a>.<\/em><\/p>\n\n <\/div>\n <\/details>\n<\/section>\n

Business owners cut expenses where they can. Business insurance<\/a> should not be one of those places. Bad things happen to the best business people. Business liability insurance helps you get over the bad times. <\/p>\r\n

There are many kinds of large and small business insurance. There’s also specialty insurance for unique situations. This article discusses different types of business insurance<\/a> and reasons why you might need more than one insurance policy.<\/p>\r\n

Reasons To Have Business Insurance<\/h2>\r\n

Nobody wants to think about possible negative events in their lives. That’s true for our business lives as well as our personal ones. Small business owners want their companies to run without any issues. <\/p>\r\n

People being people, that will never happen. Here are some of the top reasons you need insurance coverage.<\/p>\r\n

Theft<\/h3>\r\n

A common cause of business owners’ insurance claims is loss due to theft and burglary. Theft takes many forms, both internal (done by employees) and external (by customers and others). Possible examples include:<\/p>\r\n