own a small business? get public liability insurance

Do you own a small business or are you an independent contractor? Then you probably need public liability insurance. Over 10 years ago, I had my own business teaching swim lessons at people’s homes. You bet I had insurance! But even if you are doing an activity that is not as risky as having small children that are non-swimmers in a pool…you should get it to protect yourself and your family. Let’s face it, we are an extremely litigious society. We like to sue over everything. I have a relative that has a very small business doing interior decorating, and even she has liability insurance. You never know when the one item you may drop while moving it, turns out to be a very valuable antique. Whether you own a business or work as an independent contractor, it is important to protect your company and your personal finances with public liability insurance. This will protect you in the event you cause an injury to a third party or damage their property. Given that the cost of legal, medical, and emotional compensation can easy escalate into the millions, all it takes is one incident for you to lose your home and any retirement savings you have. We always think it’s not going to happen, but accidents do happen–so protect yourself and all that you’ve worked hard for.