30th December 2016
Small Business, Big Liability
Bigger firms may have more opportunities for expensive claims to arise, but they often have the ability to handle any expenditures in excess of their coverage. Small businesses, on the other hand, deal with fewer people and have the perception of having a lower chance of getting hit with a liability claim. However, they typically cannot afford to pay damages that exceed their liability limits associated with their small business insurance, giving large claims the ability to financially cripple them.