Understanding Small Business Insurance Costs: A Friendly Guide

When starting or managing a small business, one of the essential steps is to protect it with the right insurance. But how much does small business insurance actually cost? Let’s break it down in a way that’s easy to understand and helps you make informed decisions.

What is Small Business Insurance?

Small business insurance is a broad term that covers various types of coverage designed to protect businesses from risks and liabilities. This includes general liability insurance, property insurance, professional liability insurance, and worker’s compensation, among others. Each type serves a specific purpose, ensuring you’re safeguarded against potential financial losses.