In a 2014 article, Forbes estimated that between 36 to 53 percent of small businesses are involved in at least one litigation every year. While you can’t prevent your customers and employees from suing your business, you can mitigate your exposure and loss. Get the right insurance in Miami that meets the needs of your business and limits your liability.
There are many different types of insurance that are available for your organization. By working with an insurance agent who knows your business, you can find the right policy. You’re aware of general liability and auto insurance, but have you considered these types:
- Cyber and data breach liability
- Directors’ and officers’ liability
- Errors and omissions
- Product recall
- Cargo insurance
- Builders risk
- Medical or dental malpractice
- Employment practices
Instead of purchasing a policy that covers you for things you don’t need, get exactly the coverage you do need by tailoring a comprehensive portfolio that meets your budget and risks. In addition to your insurance, work with your insurance company to learn more about protecting the assets of your company.
You can’t prevent every accident from happening, but you can be assured that it won’t bankrupt your business. Tailored insurance in Miami for your particular business is the most effective way to prevent a lawsuit and settlement from taking everything you’ve worked so hard to build. Discuss your business with an insurance specialist today.