What types of insurance do I need for my small business?

In California, small business owners need to have proper insurance coverage to protect them from any potential legal and financial risks. Generally, the most common types of insurance small business owners should consider are: 1. General Liability Insurance: A general liability policy covers property damage, personal injury, and other claims due to negligence or accidents occurring on the property of the business, as well as products and services of the business. 2. Professional Liability Insurance (also known as Errors and Omissions insurance): This policy protects businesses from mistakes made by professionals that result in losses for clients or customers. 3. Property Insurance: Property insurance covers any damage to business property, such as inventory, physical property, and equipment. 4. Product Liability Insurance: Product liability insurance covers any damages that arise from a product made by the business, such as injury or death caused by a defective product. 5. Commercial Auto Insurance: This covers any potential losses related to vehicles owned and used by a business, such as damage to the vehicle itself, or injuries suffered by others due to an accident caused by the business. It is important to remember that while these are the most important types of insurance for small business owners in California, there may be other applicable policies that should be considered depending on the nature of the business. It is best to consult with an insurance agent or a legal expert to determine the specific insurance needs for your business.

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What types of insurance do I need for my small business?

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