Small Biz Ahead
A Podcast By Small Business Owners, For Small Business Owners
5 years ago

What Type of Liability Insurance Do Sole Proprietors Need?

As most small business owners will tell you, some form of liability coverage is required if you want to protect yourself and your employees from potential legal action. However, for business owners who run a sole proprietorship,

<img width="150" height="150" src="https://sba.thehartford.com/wp-content/uploads/2019/07/Capture-150x150.jpg" alt="What Type of Liability Insurance Do Sole Proprietors Need?" align="left" style="margin: 0 20px 20px 0;max-width:100%" />

As most small business owners will tell you, some form of liability coverage is required if you want to protect yourself and your employees from potential legal action. However, for business owners who run a sole proprietorship, purchasing insurance is more than a precaution. It’s an absolute necessity. Unlike other types of small businesses, there is no legal division between you as the owner and your business as an entity within the context of a sole proprietorship, so any lawsuit could prove financially devastating.

Continue reading What Type of Liability Insurance Do Sole Proprietors Need? at .