20 June 2016
Some owners of small businesses may buy the lowest level of public liability insurance and then neglect to review this insurance coverage for a long time, such as several years. However, there are situations that warrant reviewing the public liability insurance coverage of your small business. This article discusses some of those situations that should prompt you to review that liability insurance cover. Changes in Client Sizes The magnitude of the liability risk faced by your small business when you have clients whose businesses are not worth a million dollars may be different from the risk that you face if you have a client whose business is worth billions of dollars.