Lesson 7.1 Learning Assessment

  • Oh Boy, I started a Business

    "A small business that has less than 500 people doesn’t face the
    same liability issues as a multi-national company with thousands
    of employees." That's definitely gonna be helpful for buying insurance.
  • General Liability Insurance.

    I looked into some insurance agencies that would give me a good deal on general liability insurance. "Business owners purchase general liability insurance to cover legal hassles due to accident, injuries and claims of negligence."
  • Product Liability Insurance

    Phew, finally got that product liability insurance. Now my products are protected "against financial loss as a result of a defect product that causes injury or bodily harm."
  • Professional Liability Insurance

    Got some professional Liability Insurance today. "This type of liability coverage protects a business against malpractice, errors, and negligence in provision of services to customers." It's gonna be so much safer to run my business now.
  • Commercial Property and Home-Based Business Insurance

    Protecting my place of business is very important, "property insurance covers everything related to the loss and
    damage of company property due to a wide-variety of events
    such as fire, smoke, wind and hail storms, civil disobedience and
    vandalism." I can also add on my business to my homeowners' insurance as a rider, depending on the risks to it.
  • Looks Like I'm Good to Go

    With this coverage, it'll be so much easier and safer to run my business, hooray!