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Unexpected Risks That Your Small Business Insurance Should Cover

The Motley Fool

Image source: Getty Images Buying a general liability insurance policy is a simple, must-have way to protect your business and personal finances. Small business general liability insurance can protect you from this situation. If you have a product liability insurance policy, your insurance company can help.

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The Single Best Insurance Policy Every Small Business Needs

The Motley Fool

Maybe you've heard of it: small business liability insurance. Let's look at what small business liability insurance is all about, and why your business needs it. What is covered by small business liability insurance?

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Top 5 Tips to Make Your Side Hustle More 'Serious' (and Successful)

The Motley Fool

Whether it's a graphic design consulting business, a small online craft store, a cupcake bakery, or a home-based meal prep service, a side hustle can be a great way to earn extra cash. Form an LLC or other legal business entity There's no one right answer to the question of when you should form an LLC for a side hustle.

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5 Critical Tips for Choosing the Right Small Business Insurance

The Motley Fool

Liability insurance is also likely a must for you -- especially if you interact with customers face to face or produce a tangible product that could harm someone. Always consider your current and future staffing when you're choosing insurance -- you can get in legal trouble if you have staff and lack the required coverage.

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Is Your Small Business Ready for This New Federal Reporting Requirement in 2024?

The Motley Fool

Image source: Getty Images Small business owners have to deal with a few different types of legal compliance and document filing requirements throughout the year. In most states, with just some simple paperwork and a small fee, you can set up a small business that has its own separate identity for banking , taxes, and liability purposes.

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This Is How Much Capital You Really Need to Start Your Small Business

The Motley Fool

Home-based professional services business: $1,000 (or less) If you have professional skills that can be used to start a business as a consultant or freelancer, congratulations: you have a chance to start one of the lowest-cost businesses of all. Online store: $40,000 You don't always need a lot of money to start an online store.

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13 Types of Insurance for Small Businesses

The Motley Fool

General liability insurance As its name suggests, general liability insurance covers a wide range of liability situations that you may face as a business owner. Keep in mind that liability insurance covers damage done to third parties, not to you (the "first party").