Many small business owners are under the impression that they don’t need auto insurance. Auto insurance might not be on the radar of a business that owns a storefront, based on the fact that they may not have any aspect of their business that actually involves driving. While driving may not be a part of your typical business function, you may be opening yourself up to major liability if you don’t get auto insurance.
Purchasing Insurance for Small Businesses
It may seem nonsensical to obtain auto insurance for some companies, but the ramifications of going without insurance can be catastrophic. If you have an employee pick something up for you while they are on the clock and they get into an accident, your business is going to be liable for the damages. There are many situations where an employee may be asked to use their own vehicle to perform a task for the business. If anything goes wrong while this is taking place, the business better has insurance to cover any accidents that may transpire. Many small business owners have found this lesson out the hard way. If your typical business operations don’t involve driving, you probably think it would be a waste of money to get auto insurance. If you make the decision to go without insurance, you shouldn’t have any employees running errands while they are on the clock.
Liability Protection
While this type of scenario seems unlikely, you might be surprised how many businesses run into major financial trouble because of similar situations. A lawsuit that results from a personal injury case can bankrupt a small business, which is a major reason why small business owners should consider getting auto insurance for protection. In some cases, the business owner isn’t even directly responsible for asking someone to drive in the first place. A manager may ask an employee to run an errand at any given point, which can open the business owner up to massive liability. Small and insignificant trips can wind up being extremely costly if an accident takes place, which is why it is such a wise decision to get auto insurance for small businesses.
Hiring an Attorney
Accidents that result in injury in the workplace generally require a personal injury attorney. A personal injury attorney is going to be crucial when it comes to going to court, especially when you consider the fact that personal injury cases can become extremely complicated. If you need a Tampa personal injury attorney, you may want to consider Kinney, Fernandez & Boire, who have developed an excellent reputation for handling injury cases in the area. You might also want to consider hiring a Tampa personal injury attorney if you run into an injury case that involves your small business. This may be advantageous to a small business, even if the business is fighting against a personal injury case. Knowing the finite details of such cases can provide an excellent defense when it comes to going to court, which may be crucial to keeping a business in operation. The reality is, most small businesses don’t have the finances necessary to take a massive hit from a lawsuit. If your business has opened itself up to liability and you are in the midst of a personal injury lawsuit, you should do everything you can to provide the best defense possible. A personal injury attorney who works these cases exclusively is going to provide you the best option for defense.
Affordability
If you own a small business and have not yet run into one of these unfortunate incidents, you should still think about getting insured. Even if you think you are not going to get any utility out of the insurance, it is a level of protection that may wind up paying dividends in the long run. It is extremely unfortunate when a successful small business welcomes such liability and danger, so make sure you cover all of your bases and account for the unexpected. Another reason to consider purchasing insurance is the mere fact that you can generally get a policy for a very low price. The monetary expense that is involved in picking up an auto insurance plan for a small business is minimal, which is why it really makes sense to get insured. If you fail to get insurance, make absolutely sure you never have any employees operating vehicles to run any aspect of your business.
