What better way to kick off the new year than with a brand new partner to help us in our mission to provide affordable and simple legal guidance? Hiscox, an industry leader in small business insurance, has offered to help our users get complete coverage and protection for their small businesses.
Legal issues are top of mind for many small business owners. A recent Rocket Lawyer survey found that 65 percent of small business owners faced a legal issue this year, with 22 percent citing lawsuits as a key concern. Our partnership with Hiscox will make it easier for Rocket Lawyer small business customers to protect their hard work and livelihoods with the right insurance. For more details about this partnership, and how you can take advantage of Hiscox’s insurance services, see the full release here.
Why should you prioritize both legal protection and business insurance this year? Here are three key reasons:
1. Avoid big surprises
When insurance enters the conversation, property and fire insurance come instantly to mind, especially in light of disasters like Superstorm Sandy. But don’t overlook other essential components of a strong business insurance policy like interruption insurance. In the event of a disaster like Sandy, property insurance alone will not cover the productivity losses that result from your business being temporarily closed. Business interruption insurance will protect your business against the loss of revenue as well as any potential relocation costs. This is why it’s important to have comprehensive business coverage. Talk to an business insurance agent or consult with an attorney to determine which types and amounts of business insurance coverage is right for you.
2. Grow your business
Together, legal coverage and business insurance create a safety net that gives your business a competitive advantage. In the event of an incident that could harm your business, having insurance will allow you to move forward and focus on growing your business, rather than backtrack and diverge from your budget. Insurance will also bolster your reputation among investors, business partners, and customers.
3. Someone to turn to
Even if you know the ins and outs of running a business, and you have taken precautions to reduce your risk of liability, you can’t be an expert at everything. Along with your lawyer, your insurance agent can be an important part of your business team. With the right expertise on hand, you’ll know that if something bad does happen, you’ll have someone there to help you sort through it all.
The right legal guidance and the right insurance coverage help to form the foundation for a solid business. With Hiscox, Rocket Lawyer small business members can access specialized business insurance coverage alongside our affordable and simple legal guidance. As you grow and build you business, we want you to get complete protection every step of the way.
- Rocket Lawyer Helps Families and Businesses Recover After Sandy (rocketlawyer.com)
- Filing Insurance Claims After a Disaster: Helpful FAQS (rocketlawyer.com)
- Making the Right Move: Rocket Lawyer’s New Digs (rocketlawyer.com)