If you’ve been doing research on how to best insure your small business, you’ve likely come across contradicting information. Myths surrounding small business insurance are aplenty, but speaking to a professional insurance company such as Walker Insurance will help you get on the right track when it comes to debunking those myths.
One of the most common myths is that you don’t need business insurance if you work out of your home, but the exact opposite is true. A traditional home insurance policy will not cover damages to any business-related equipment or product. Another common myth states that a client’s property insurance will cover any damages that occur while you’re working. However, insurance companies look at who is at fault. This means if you cause damage to your client’s property, their insurance company is going to expect you to cover the cost of repairs. Finally, you might have heard you don’t need commercial auto insurance if you use your personal vehicle, but this might not be true. In reality, it depends on how often you use your car for business. If you have questions or concerns about other conflicting information you’ve heard, an agent from Walker Insurance can talk you through the process to ensure you have the best policies to meet your small business needs.