Finance · Article
The common types of small business insurance and when each one typically applies.
General liability insurance covers common risks like customer injury or property damage claims, and many landlords or clients require proof of it before you can sign a lease or contract. Professional liability (errors & omissions) matters if you give advice or perform a service that could cause a client financial harm. Workers’ compensation is legally required in most states once you have employees. This is general information, not insurance or legal advice — a licensed insurance agent can help you determine what your specific business actually needs.
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