10-10-23 - What Types of Insurance Does Your Small Business Need?

FEATURE

Every small business has different insurance needs, but almost all will need General Liability coverage.  And many will also need coverage included in a Business Owner’s Policy (BOP).

Other types of insurance could include Workers' Compensation, Employers Liability, Cyber Liability, Commercial Auto, and Errors and Omissions (aka Professional Liability).

Today’s guest is Jack Smith, of Valor Insurance Brokers:

Jack’s email:  jack@valorbrokers.com
Jack’s LinkedIn page:  https://www.linkedin.com/in/jacksonsmith1/
Valor’s web page:  https://www.valorbrokers.com/

----------

NEWS ROUNDUP

1 - Small business bankruptcies are rising at the fastest pace since the pandemic, according to a report by the Wall Street Journal.  Increased interest rates, tighter lending standards, and higher operating costs are the chief culprits.

https://www.wsj.com/business/entrepreneurship/small-busines-bankruptcy-surge-8989e665?mod=hp_lista_pos2

2 - Though Congress averted a government shutdown last month, the prospect of one towards the end of November hangs over the economy.  And small business owners want none of it.

https://www.goldmansachs.com/citizenship/10000-small-businesses/US/voices/news/september-25-2023-press-release.html

3 - Many small businesses are making mental health of employees a priority.

https://www.uschamber.com/sbindex/quarterly-spotlight

----------

This podcast is sponsored by SBS Accounting & Advisors.  Use the promo code FLASH and get 20% off your set up fee!  https://sbsaccountants.com/.

👀 Watch on YouTube:  https://www.youtube.com/channel/UCmFHZqDGRbOHXjhpicWuqhg.

📧 Do you want to grow your business?  I help small business owners succeed with their strategy, marketing, and operations.  Email me today at adam@smallbizflash.com and let me help you grow your small business.