This might sound crazy, but the market for insurance premiums is worth $5.3 trillion. Yes, you read that right!
So if you run an online business, you might be wondering: does my company need small business insurance?
To tell you the truth, if you run an online company, general liability insurance can be just as important as it is for brick and mortar locations. Learn everything you need to know about online business insurance here!
What Is Online Business Insurance?
Here’s the deal: if you work from home, it might be a good idea to invest in online insurance if you see customers at your personal quarters.
Not only that but listing your inventory online on websites like Craigslist or Facebook can create more customers, which makes getting general liability insurance an even better idea. Also, if you create products at home, you might be at risk of legal exposure.
Think about it this way. If you spend time posting on social media to build traffic towards your site and get sales, a potential client could accuse you of posting something that created “hardship.” This, my friends, is called an advertising injury.
But that’s not all…
Building a business online can also lead to other lawsuits such as:
- Bodily injury
- Personal injury
- Property damage
How can you possibly prevent this?
The answer is simple – investing in general liability insurance!
How Do I Get Online Insurance?
If you prefer to work in the comfort of your own home, chances are that you’d prefer to buy your insurance policy online too. Luckily for you, we’re here to help you out.
To get started, it’s helpful to take a look at different quotes from various companies to find out which one has the best deal for you. Once you find a company that will protect your profits and your business, it’s time to sign the necessary paperwork and close the deal. Now, you’ll have an insurance portfolio that you can rely on in the event that you are ever taken to court.
Additionally, online general liability insurance is particularly useful if you sell the following items online:
- Clothing
- Fitness products
- Toys
- Electronics
- Used goods
What’s the bottom line?
The truth is that selling any product online can put you at risk of getting sued. Even if you don’t own a “brick and mortar store,” it’s still a smart idea to take the necessary precautions by insuring your company to manage any risks you might face.
Need a hand in the online insurance department?
We highly recommend that you check out PolicySweet.com now!
Open up for Business With Online Business Insurance
Still not sure why you should invest in online business insurance? Thankfully for you, when it comes to online insurance, we’re practically experts.
From avoiding bodily injury cases to personal injury lawsuits, buying general liability insurance online is a must for practically every online business owner.
Looking for more business tips and tricks? Don’t hesitate to check out the rest of our blog today!
