Does an Online-Only Business Need Commercial Insurance?

Some in the Overland Park, KS business community assume that commercial insurance is there to protect the business’s actual physical properties. That is the store, the inventory, and so on. In truth, that’s only a fraction of what commercial insurance covers.

The most important feature of any commercial insurance policy is going to be your liability protection. This is the policy that kicks in and covers the damages if someone is injured or otherwise suffers losses on your business premises or as a result of your products or services.

With that in mind, you can see how such a policy would benefit an online-only business. Even if you don’t sell any physical goods, even if your services don’t involve visiting anyone’s house or handling their property, it’s easy to imagine, say, an app with a bug in it that makes it susceptible to hackers.

So yes, an online-only business does need commercial insurance. It’s not about the size of your business or how much money you’re making. It’s about the risk you’re taking on.

Insurance policies offered by certain platforms will cover some small businesses. If you make grocery money on Etsy, for instance, you might not have many risks to consider. But as soon as you’re taking on risk on your own, your Overland Park, KS business needs protection.

If you have any questions or you’re looking to get covered, get in touch with Fortress Insurance Agency. Call or explore the Fortress Insurance Agency website and see what we can do to protect you and your business with a great policy at a fair price.