One of the many decisions a small business owner needs to make to ensure their success is to determine the type of small commercial insurance they need to protect their property, employees and products. (Photo: zabanski – stock.adobe.com)
An anonymous quote says: "Small business isn't for the faint of heart. It's for the brave, the patient, and the persistent. It's for the overcomer." Every day, small business owners are faced with an array of responsibilities and decisions that could often make or break their organizations. While being an entrepreneur, running your own company and fulfilling your life's passions is a dream for many, being a small business owner comes with many risks.
Small business owners often move at a very fast pace — setting strategies, reviewing budgets, managing staff and inventory, and many other daily duties. One of the many decisions a small business owner needs to make to ensure their success is to determine the type of small commercial insurance they need to protect their property, employees and products. Federal law mandates that small business owners must have workers' compensation and unemployment, while some states also require additional insurance, like disability insurance.
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