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The Benefits of Local Small Business Associations

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The Benefits of Local Small Business Associations

 

The saying, “It’s not what you know, it’s who you know,” isn’t just a cliché used throughout the business world.  Business today requires connections, and endless amounts of networking.

 

 

One great way to substantially increase your network is by joining local small business associations.  Since they are local, you’ll be able to get to them quickly, and meet people around your home base that may be able to help you in some way down the line. 

 

 

Small business associations can be anything from town government associations to entrepreneurial clubs to a community baseball team.  It may seem that being a member of these associations may not do much else other than waste time.  However, small business associations can provide a huge selection of benefits. 

 

 

 

 

Some small business associations will allow you to find people that may help your business directly or indirectly in the future.  Others will simply grant you access to like minded people who may become your friends.  Remember that the more people you know, the more opportunity will knock on your door.  Many benefits can come from the local group gatherings like starting partnerships and mimicking ideas from the already successful business model.

 

 

General Liability Insurance

What Is General Liability Insurance? Commercial General Liability Insurance protects small-business owners from claims of injury, property damage, and negligence related to their business activities.

Workers’ Compensation

What Is Workers’ Compensation Insurance? Workers’ compensation insurance covers your employees’ medical expenses and at least some portion of their lost wages if they are injured on the job.

Business Owners Policy

What Is a Business Owners Policy? A BOP is simply bundled insurance designed to provide essential coverage to certain business owners at a competitive price. A BOP insurance coverage includes

Professional Liability Insurance

Professional liability insurance also called , errors and omissions insurance (E&O; insurance), protects you if a client claims that your services caused them to suffer a financial loss. While general liability insurance is primarily focused on property damage or bodily injury,

Disability Benefits Insurance

Employers in New York State are obligated to offer disability benefits insurance to their employees. This coverage is specifically designed to provide financial assistance in the event of off-the-job injuries or illnesses.



Business Umbrella Insurance

Without Business Umbrella Insurance (also sometimes called Umbrella Liability Insurance or Excess Liability Insurance ), you would have to pay the uncovered expenses out-of-pocket. Even if you carry General Liability Insurance for your business, without business umbrellainsurance you might face a repair, settlement, or judgment in excess of your coverage limit.

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