When you are in charge of a growing business, you need to keep your wits about you. While you must try to keep ahead of your competition, you must also identify and fix any weaknesses that you may have and be prepared to head off any threats before they materialise. In this case, your business insurance broker may be one of your best friends, but you should always ask them if you are properly covered.
If you are a children's event entertainer it's extremely important that you maintain public liability insurance. Public liability insurance specifically covers you in case, in the course of your normal business, you cause damage to people or property. Here are 3 specific reasons you need to make sure your public liability is up to date.
Limitations on homeowner's public liability insurance
Many in-home performers believe that the homeowners insurance includes public liability, however public liability insurance through a homeowner's insurance policy will not cover you for any injuries that occur while you are running your business in the home.
If you run a not-for-profit organisation or charity, it can be easy to overlook the need for business insurance. Business insurance should still be a priority for a not-for-profit business, and may be even more important for companies which do not have a high cash buffer to draw on if they do get sued. Business insurance is usually tailored to the type of business that your not-for-profit is in and can include the following.