Insurance is important for every business. Unfortunately, some companies think that they can get around it. Here are some myths that may stop you from looking into Albuquerque insurance agencies and why you shouldn’t believe them.
Good Relationships Prevent Lawsuits
If you maintain a good standing with your clients, this is something that you should be proud to announce. However, this doesn’t mean that you won’t have to deal with lawsuits. If a client thinks that they have been wronged or if they faced financial distress over your decision, they will sue.
Small Business Don’t Suffer Lawsuits
Too many business owners believe that size matters when it comes to liability insurance and business lawsuits. No one is exempt from lawsuits and liability. No matter if you’re a major corporation or a small business, there are still risks involved. Even if you are a one-person business, you may still face a lawsuit.
Employees Don’t Face Risks
Some businesses try to avoid workers’ compensation coverage by claiming that their employees do not face any risks. There are businesses where employees have low-risk and may require fewer benefits than other companies do. In an office setting, for instance, employees may develop carpal tunnel or other injuries.
Don’t get tricked into thinking that you don’t need insurance. Look through Albuquerque insurance agencies and find out which suit your business the most.