All business owners face a range of risks that impact their business. The key to a successful business is managing these risks and reducing them where possible. Business Insurance is an essential tool of any business risk management program; the huge array of business insurance options available and the complexity of these products, however, can create a minefield for business owners.
Business Insurance policies usually consist of approximately ten optional sections and each of these sections contains various options and extensions. Every insurance company offers their own Business Insurance in a policy up to 100 pages long. Business owners therefore find it difficult to compare different products and ensure the best protection for their business. The range of risks important to a business owner vary significantly depending on the owner’s risk tolerance and the business nature, location and size.