Any business can encounter unexpected expenses that they’re not prepared to pay for. Events such as natural disasters, theft, human error, lawsuits: all can saddle businesses with liabilities that are financially burdensome and may even threaten to shutter your doors.
That’s what business insurance is for. There are many different types of insurance to protect against various kinds of threats. A professional accountant such as Elias Aziz-Lavi CPA can help you find the insurance plans that are right for your business.
Types of Business Insurance
Every business has a different combination of insurance needs, depending on what you sell, what services you provide, what physical assets you own, and the degree to which normal business activity puts employees or customers at risk of bodily harm.
In general, a business should consider insurance that covers against any risk that you wouldn’t be able to pay for without help. Begin by assessing your risks, and then shop around for the best policies and deals.
Elias Aziz-Lavi CPA can assist you with this process, finding policies that work for your business, guiding you through application processes, and assessing how the cost of insurance fits into your overall financial plan. Contact us for business insurance assistance in the Los Angeles metro area.