Why do I need small business insurance?
Small business owners have a lot going on, and it’s easy to let something like business insurance drop to the bottom of the list. But it’s important to protect your business from unforeseen risks and lawsuits that you can’t see coming.
You could be sued for just about anything, even if you haven’t made a mistake. If someone slips and falls in your shop, or if a client thinks you didn’t do the job the way you said you would, you could find yourself facing a claim or lawsuit. Business insurance can cover the cost, including the cost to defend yourself.
Some professions require that you have business insurance. Many healthcare-related professions require professional liability insurance, which is sometimes referred to as malpractice insurance. Sometimes, a contract will require that your business be insured.
How much does business insurance cost?
The cost of small business insurance depends on the industry you’re in, the size of your business, the type of insurance, and other factors. Most small businesses spend R500 a month or less for a multi-peril policy, but your costs could vary. You can get a quote in the box above to find out how much your coverage may cost.
What kind of business insurance do I need?
Most businesses require cover on their motor vehicles, public liability, portable devices and electronic equipment; however, your needs may be different but the sections mentioned are the general covers small and medium businesses take out.
Why would I need Public Liability cover for my business?
If you run a restaurant or any establishment that has the general public walking in and out of your premises, then you definitely need Public Liability cover. This will ensure that if anything were to happen to a member of the public, let’s say for example, someone slips and falls or you scratch a client’s car at your mobile car wash then you would be covered against any lawsuit as a result of the incident.
At Entresure we are an end to end digital insurance brokerage firm that can help you get a tailor made package for your business. Head over to our Quote section page and request Quotation for your business.