Small Business Insurance Business Insurance  |  Learning Center  |  Risk Reduction  |  Money Saving  |  FAQ

We are happy to welcome you on our site dedicated entirely to small business insurance. Here you can find all the necessary information you need to know about business insurance and find ways of reducing your small business insurance expenditures.

In these hard times of uncertainty when the economy is plagued by the consequences of the financial crisis, saving money on business insurance may actually keep your business on track and help reduce your expenditures. To get the best offers on business insurance, all you have to do is choose the area you work in, and you will be given a list of top insurance companies near you. So stop wasting your time and learn how to save on business insurance today!

 

In this section:

0 Three ways of business risk management
0 Ways of protecting your property
0 Ways of protecting from lawsuits
0 Protecting your business from product liability claims
0 Protecting your business technology
0 Protecting your vehicles
0 Protecting your human resources
Three steps to success
  1. learn insurance coverage plans
  2. minimize your risks
  3. compare insurance quotes

Protecting your business from product liability claims

You may be accused for causing injuries by your product right from the moment it's marketed to the moment it's discounted and even after. And your "product" includes just everything:

  • the product itself
  • advertising
  • instructions
  • shipping package
  • display package
  • labels, warnings and other on–product messages

Having all these aspects as possible causes of legal responsibility, you should consult with your lawyer to work out a risk management strategy that will protect your business from product liability claims. Basically such a strategy will involve a thorough organization of paperwork and investigations regarding customer complaints on the products you manufacture or sell. Some key elements of minimizing product loss claims are:

  • good design
  • intense testing
  • accurate paperwork
  • evaluation of hazard potential
  • customer access to information
  • product identification
  • effective recall option
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