There are a few business insurance myths that can be confusing. Small businesses may believe they are “too small” to need insurance. However, your need for business insurance isn’t related to the size of your company but rather the exposures and risks your organization may face.
Some business owners decide not to purchase insurance because they mistakenly believe it’s too expensive. While business insurance isn’t free, the coverage it provides can help protect your organization from financial harm when unexpected events trigger a liability claim or the need for repairs.