Think You Don’t Need Insurance On Your Office or Apartment? Think Again!

Many small business owners and renters put paying their property and casualty insurance at the bottom of their To-Do list. They make the dangerous assumption that they don’t need insurance based on two common misconceptions.

1. It’s not worth paying for insurance that will never be used.            

2. Someone else is taking care of it.   

These are both assumptions that can close a business’ doors forever.

In standard commercial leases, the tenant is required to have liability insurance. If someone injures him or herself in your business, and goes on to sue you, that will cost far more than a yearly insurance premium. Most insurance policies also cover your legal defense and fees.