A business insurance policy is a serious investment that needs to be considered carefully, especially in the case of small businesses and start-ups. Here are some of the most important questions that you should find the answer to before you sign on the dotted line:

general liability insurance for small business

  • Types of insurances – if you have no previous experience with general liability insurance for small business policies, you need to find out exactly what types of coverages are available for you. Don’t be shy to ask your insurance broker or the company you want to buy your policy from to explain to you every detail of the insurance process and to tell you all about the policies;
  • Coverage – try to assess the risks that you are facing while you carry out your business activities and seek coverage for those specific areas;
  • The claims process – the best scenario is that you have insurance coverage, but you never have to use it. Hope for the best, plan for the worst is the best attitude, though, so you need to find out exactly how you should proceed in case you need to use your insurance coverage and file a claim;
  • Limits and costs – you also need to know how much you are covered for and how much your monthly or quarterly premium will be.