Most businesses face some mix of liability, property, people, vehicle, professional, data, and interruption risk. The useful question is which losses could materially harm customers, workers, the owner, or the business—and how each will be handled.
Reviewed July 20, 202601 · Map
Start with loss scenarios
Write down what could happen, who could be harmed, how large the loss could be, and which party controls the exposure.
Identify coverage required by law, lease, loan, client contract, platform, or license.
Separate high-frequency operating problems from low-frequency catastrophic losses.
Include the owner’s health, disability, and dependence on one person or location.
02 · Buy
Use a licensed professional and the full operation
Give the broker or agent accurate information about activities, locations, people, revenue, payroll, vehicles, property, contracts, and claims. Ask for exclusions and tradeoffs in writing.