There are always some pre-conceived notions doing rounds in the industry of business insurance. One cannot rule out the presence of some visible risks and some unseen or potential risks facing the business. Thinking that your business will run the way it is and carries no risk is a big mistake. This is the basic reason why many business owners do not consider it important to buy any insurance for their business. Let us take a look at some of the common myths.
My business cannot be sued and is not collectible
Every business can be sued, in case a money judgment is rendered against them. Your bank accounts, equipment and assets can be seized and you are left in the hands of a persistent attorney, wishing you had bought insurance cover.