Malicious claims, property damage, employee injuries. These are a few of our least favorite things when it comes to owning a business. In fact, if underinsured, just one of these mishaps can be the difference between a thriving business and a closed one. According to FEMA, nearly 40 percent of small businesses will never reopen following a disaster. A windstorm or hurricane, for example, can cause tens of thousands of dollars in damages. Add your loss of revenue during a period of repair and many small businesses just can’t foot the bill unless insured. Don’t let mother nature — or accidents resulting in a legal case — be the reason you close the door on your dream job.
Though there are many policies out there, here are three ways to insure your milspouse or veteran-owned business to protect it against the unexpected:
Since MilHousing Network is committed to helping milspouses, veterans, and their families, we’ve partnered with Armed Forces Insurance to ensure our milspo-preneurs and vet-preneurs are getting the coverage they need to thrive beyond the military. Set yourself up for success by contacting them today to learn how you can get your business insured.