The CTG Blog

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Professional liability insurance

Professional Liability Insurance Is Non-Negotiable For Business Owners. Here’s Why.

Even if you’re an expert in your business, mistakes happen. In the event that you make a mistake in the professional service you provide to a customer or client, it could lead to a lawsuit. Getting sued without protection will result in deep financial and reputation damage to your company. Professional liability insurance, also called errors and omissions insurance protects your business if you are sued for negligently performing your services, even if you haven’t made a mistake. Without coverage, you’ll have to pay expensive legal defense costs out of pocket.

Does Your Business Need Property Insurance? Here’s How To Tell.

Regardless of the size of your business, how long you’ve been established, or your industry, your physical property faces many risks every day. It is extremely important that your property is well protected, as severe damage could jeopardize your livelihood. Here are some of the risks your property faces as a business owner.

Working From Home? Here’s Why You Still Need Home-Based Business Insurance. 

A growing number of entrepreneurs run their businesses from the comfort of their home. If you’re a home-based business owner, you may be wondering if you still need business insurance. It's important to know that neither homeowners' or renters' insurance policies cover home-based businesses. As a result, you may need additional business insurance.

What Businesses Need Liability Insurance in Michigan?

There are a myriad of costs that go into starting and running a small business. When it comes to investing in insurance, you might be wondering if you can operate without it. However, all business owners in Michigan should consider liability insurance to protect against risks associated with your property, employees, and daily operations. Running it without insurance could jeopardize the future of your business.

Small Businesses Neglect General Liability Coverage—Here’s Why You Shouldn’t.

If you own a small business, you’ve probably put your heart and soul into building and growing it. Doesn’t it make sense to protect all of that hard work? General liability coverage is a basic insurance policy that shields your business from common risks. If you work directly with clients and customers, this insurance policy will keep your company financially stable in the event of a lawsuit. It’s best to invest in general liability coverage immediately after starting your business, so that you’re never left vulnerable.