Expect the Best, Prepare for the Worst: Insurance Fundamentals for Small Business

Learn the basics of insurance for small businesses including the various policies available and the correct terms for coverage and benefits. In the excitement and occasional anxiety of starting and running a small business, owners look for certain milestones as measures of success. These essential elements cover a wide range: a completed business plan, a capital-equipment loan, a real estate agreement, the first dollar earned, the first employee hired. Each is significant, but one benchmark small business owners initially overlook is insurance. Knowing what kind of insurance is available and the amount of protection a business needs is a crucial first step towards success.