This is where business liability insurance is needed. You may need to protect your business with the liability insurance.What is Business Liability Insurance and Who needs It? For many owners of small business, ownerships like partnerships, sole proprietorship, etc can put the business as well as...
Malpractice: This is used by professionals such as doctors and lawyers to cover for damage resulting from substandard work. This can also include errors and omissions and product liability insurance. Workers' compensation: If you have employees, you will be required to carry worker’s compensation ...
What’s an LLP? Limited Liability Partnerships Explained in Under 5 Minutes Free Business Startup Kit 9 templates to help you brainstorm a business name, develop your business plan, and pitch your idea to investors. Business Name Brainstorming Workbook Business Plan Template Business Startup ...
Public Liability Insurance Help protect your business from legal fees and compensation costs if a customer, client or other third party makes a claim against you. Get a quote Business guidance Start-up, manage and grow Business guidance Start your business Financing a startup Open a bus...
Cons: Can be costly depending on the type of vehicle, what the vehicle is being used for, and the owner’s driving record Average cost: $167/month4 Eligibility: Applicable for any business that owns and uses vehicles for commercial purposes 6Professional liability insurance What is professi...
Since business income and expenses are tied to your personal finances, keeping good records and having liability insurance is a must. Partnership: Partnerships need a clear agreement on profit-sharing, responsibilities and liabilities. The business doesn’t pay income tax—profits and losses pass ...
Public Liability Insurance Help protect your business from legal fees and compensation costs if a customer, client or other third party makes a claim against you. Get a quote Business guidance Start-up, manage and grow Business guidance
6. Buy business insurance As soon as you hire employees, open a physical location, or begin to scale your business, you'll need liability insurance of some sort. General liability insurance covers you in case someone is injured on your property or as a result of your company's activities....
Business registration helps protect yourself and employees in the event of unexpected hardship and lets you obtain corporate services such as business insurance. Depending on the business structure, you may be subject to personal liability in legal matters related to your business. Before you purchase...
To succeed with event planning as a part-time business, it's important to have strong interpersonal, negotiation, problem-solving and communication skills. Event planners should also consider legal and regulatory requirements in their area, as well as potential liability insurance. By combining your ...