The House Insurance Built
Risk Management for Builders & Contractors

Chapter 2: Understanding Construction & Contracting Insurance Policies
Part 2: Business Insurance Basics for Small-Business Owners

Now that potential risks are in your sights, your next move is to mitigate those exposures. If you can't outright prevent a loss from occurring, the next best option is to create a plan that minimizes damages.

Many small-business owners turn to commercial insurance as their safety net for the hazards outside their control. For instance, you can keep a tidy worksite, but there's no telling whether someone may still trip and injure themselves in your space. So if an out-of-the-blue accident does happen, you'd want an insurance policy that covers lawsuits over such injuries.

Here are the basic insurance policies that benefit almost all small-business owners:

Let's take a look at what these policies cover and how they keep your business running — even when the unpredictable strikes.

Next: General Liability Insurance

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The House Insurance Built: Risk Management for Builders & Contractors
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