If you consider each element that contributes to your success as a small business in Wyoming, imagine the impact if even one of your assets was jeopardized. No matter what type of small business you own, your most valuable resources likely include the property you own or lease, any vehicles you use to conduct your business, your inventory, equipment, and supplies, and the financial security you need not only to survive, but to thrive. Small business insurance is designed to financially safeguard you in the event of many of the most common risks your business may face in regards to these resources.
General Liability Insurance for Small Businesses in Wyoming
General liability insurance can be an excellent and affordable safety net for small business owners in Wyoming. Accidents can happen unexpectedly, even if you're the most cautious business owner. With this type of insurance policy, your business could be protected against the following liability claims:
- Damage you caused to a customer's property or belongings
- Bodily injury that occurred on your business' premises
- False advertising
- Copyright or trademark infringement
A basic investigation into your own small business can help you determine how much general liability coverage you might need. The primary thing you should consider is the number and type of risks common to your line of work.
More Small Business Insurance Options in Wyoming
Commercial Auto Insurance
Wyoming requires that you carry commercial auto insurance if you own, lease, or otherwise use vehicles for commercial purposes. This policy can protect your business if you or an employee are involved in an accident while driving a company vehicle by helping to pay for property damage, medical expenses, and liability claims.
Cyber Liability Insurance
If your small business is the victim of a cyber attack, cyber liability insurance can help you recover from the costs associated with a data breach. Cyber liability is designed to cover certain expenses related to cyber breach – for example, if a customer's sensitive data is stolen and they file a lawsuit, or if your digital systems are compromised and require expensive repairs, troubleshooting, or replacement.
How to Get Small Business Insurance in Wyoming
The knowledgeable representatives at AmVenture are standing by to help you review insurance options for your small business. We'll work with you to build cost-effective insurance solutions that are designed for small businesses, like yours.
The Small Business Climate in Wyoming
There are several key advantages to running a small business in Wyoming. With its absence of corporate and personal state income taxes, in addition to no inventory, franchise, occupation, or value-added taxes, "The Equality State" has welcomed tens of thousands of small businesses across multiple industries. In fact, The Tax Foundation's 2017 State Business Tax Climate Index ranks Wyoming as the most business-friendly tax climate within the nation.
Learn how insurance can help ensure your success in this state for years to come. Contact AmVenture today to get started, or fill out our brief form to request your free quote.