Call Us 515-272-0020 ☰ ˟
Logo
  • Home
  • Our Agency
    • AboutImage of right arrow
      • Our Staff
      • Our Locations
    • Our Providers
  • Products
    • Home & Auto Insurance
    • Auto InsuranceImage of right arrow
      • Liability Coverage
      • Comprehensive Coverage
      • Collision Coverage
      • Uninsured & Underinsured Motorist Coverage
      • Diminishing Deductible
      • Accident Forgiveness
      • Minor Violation Forgiveness
      • Roadside Assistance
      • Specialty Auto Insurance
      • 24-Hour Customer Service
      • Towing
      • Rental Reimbursement
      • Personal Injury Protection (PIP)
      • Medical Payments Coverage
    • Home InsuranceImage of right arrow
      • Property Insurance
      • Homeowners Liability
      • Renters Insurance
      • Condo Insurance
      • Mobile Home Insurance
      • Scheduled Property Insurance
      • Landlords Insurance
      • In-Home Business Insurance
    • Other Personal InsuranceImage of right arrow
      • Identity Theft
      • Personal Umbrella Insurance
      • Data Backup
    • Farm InsuranceImage of right arrow
      • Crop Insurance
      • Farm Owners Insurance
      • Farm Livestock Insurance
      • Equine Insurance
      • Farm Equipment Insurance
      • Farm Dwelling Insurance
      • Farm Structures Insurance
      • Farm Auto Insurance
      • Farm Umbrella Insurance
      • Farm Liability Insurance
    • Life InsuranceImage of right arrow
      • Individual Life Insurance
      • Group Life Insurance
      • Long-Term Care Insurance
      • Mortgage Protection Insurance
      • Disability Insurance
      • Second-To-Die Policy
      • Key Person (Key Men) Insurance
    • Health InsuranceImage of right arrow
      • Individual & Family Health Insurance
      • Group Health Insurance
      • Dental Coverage
      • Vision Coverage
      • Long-Term Care Insurance
      • Temporary Health Insurance
      • Supplemental Insurance
      • Disability Insurance
      • Medical Expense Insurance
      • Child Health Insurance
      • Travel Health Insurance
      • Prescription Insurance
      • HSAs
    • Recreational Vehicle InsuranceImage of right arrow
      • Boat Insurance
      • Motorcycle Insurance
      • Motorhome Insurance
      • ATV Insurance
      • Snowmobile Insurance
    • Coverage for Specific IndustriesImage of right arrow
      • Accounting Firm Insurance
      • Alarm Contractors Insurance
      • Insurance for Arborists
      • Bar Insurance
      • Box Truck Insurance
      • Builders Risk Insurance
      • Car Dealership Insurance
      • Cargo Insurance and Freight Insurance
      • Catering Insurance
      • Cleaning Business Insurance
      • Construction Insurance
      • Consulting Firm Insurance
      • Contractors Insurance
      • Specialty Trade Contractors Insurance
      • Craft Brewery Insurance
      • Dental Practice Insurance
      • Dump Truck Insurance
      • Educational Facility Insurance
      • Financial Institution Insurance
      • Food Truck Insurance
      • Fleet Insurance
      • Handyman Insurance
      • Garage Insurance
      • Healthcare Facility Insurance
      • Law Firm Insurance
      • Life Science Insurance
      • Limousine Services Insurance
      • Liquor Liability Insurance
      • Livestock Insurance
      • Maintenance Contractors Insurance
      • Manufacturing Insurance
      • Media & Advertising Insurance
      • Minibus Insurance
      • Non Profit Insurance
      • Nursing Home Insurance
      • Nursing Insurance
      • Orthotics & Prosthetics Insurance
      • Personal Trainer Insurance
      • Pharmacist Insurance
      • Pool & Spa Insurance
      • Printers & Publishers Insurance
      • Real Estate Businesses Insurance
      • Retail Insurance
      • School Bus Contractors Insurance
      • Scrap Metal Insurance
      • Security Guards Insurance
      • Self-Storage Insurance
      • Septic Contractors Insurance
      • Snow Plow Insurance
      • Specialized Truck Equipment Insurance
      • Technology Services Insurance
      • Tractor Insurance
      • Tow Trucks Insurance
      • Water Well Drillers Insurance
      • Veterinary Insurance
    • Coverage for Your BusinessImage of right arrow
      • Business Catastrophe Insurance
      • Business Owners Policy (BOP)
      • Commercial Auto Insurance
      • Commercial General Liability
      • Commercial Property Insurance
      • Commercial Real Estate Insurance
      • Commercial Umbrella Insurance
      • Crime Insurance
      • Equipment Insurance
      • Errors and Omissions Insurance
      • Fidelity Bonds
      • Leave Management
      • Loss Control Insurance
      • Inland Marine Insurance
      • Marine Insurance
      • Mechanical Breakdown Insurance
      • Office Insurance
      • Product Liability Insurance
      • Professional Liability
      • Shipping Insurance
      • Small Business Insurance
      • Small Business Liability Insurance
      • Storage Insurance
      • Technology Insurance
      • Trailer Insurance
      • Transportation Insurance
      • Trucking Insurance and Semi Truck Insurance
      • Workers Compensation
      • Van Insurance
  • Get A Quote
  • Contact Us
    • Contact Us
    • Our Locations
Icon Auto Icon Home
Icon Farm
Icon Crop
Icon Business Icon Health
Home > Blog > What Are the Top Risks for a Small Business?
THURSDAY, AUGUST 24, 2023

What Are the Top Risks for a Small Business?

Starting and running a small business can be an exciting venture filled with opportunities, but it’s also important to be aware of the potential risks that can impact its success. Small businesses face a unique set of challenges that can significantly impact their operations, growth and profitability.  

What Are the Top Risks for Small Businesses?  

The following are the most common risks small businesses experience: a close up of a sign

 

  • Physical risks—Physical hazards, such as a fire, can impact any business with a building, inventory or equipment. It is essential to have an emergency evacuation plan, fire alarms, smoke detectors and other safety precautions in place.
  • Location risks—Many businesses deal with weather-related risks based on location. This could include wildfires, hurricanes, earthquakes, tornados or other natural disasters.
  • Human risks—Employees, customers and clients can also be seen as risks to a business due to the possibility of on-site injuries, discrimination, harassment, physical violence and theft. People are often unpredictable, which can put your business at risk for various types of lawsuits.
  • Strategic risks—Businesses may face risks based on their decision-making and overall planning. For example, a business may decide to acquire another company; however, this new asset may come with unforeseen risks, such as reputational or financial issues.
  • Cybersecurity risks—Businesses that store data or use the internet for business operations are always at risk of data breaches and cyberattacks. Small businesses may be more vulnerable to these attacks because they lack the proper resources to protect themselves.
  • Reputational risks—Businesses may have to deal with customers, clients or employees who threaten their name for legitimate reasons or as a form of retaliation.
  • Compliance and legal risks—Businesses may face risks from failing to adhere to federal, state or industry regulations.

What Types of Insurance Do Small Businesses Need? 

An insurer may recommend the following business insurance coverage options to manage these risks: 
  • Property insurance
  • General liability insurance
  • Business interruption insurance
  • Workers’ compensation insurance
  • Cyber liability insurance
  • Commercial auto insurance
  • Professional liability insurance
  • Business interruption insurance

Business Insurance in Swea City and Estherville, IA 

A robust business insurance portfolio is the best way to protect your organization from costly incidents. Contact Cornerstone Insurance Services to discuss risk management solutions. We can help determine which policies and premiums are best for your operations. 

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information. 

 

Posted 11:44 AM

Tags: small, business, insurance, commercial, business, owners
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2025
  • 2024
  • 2023
  • 2022

  • insurance(20)
  • coverage(16)
  • farm(13)
  • ranch(12)
  • livestock(10)
  • equipment(10)
  • auto insurance(5)
  • home insurance(4)
  • business insurance(4)
  • business(3)
  • commercial(3)
  • liability(2)
  • farm insurance(2)
  • health insurance(2)
  • crop insurance(2)
  • agriculture(2)
  • small(2)
  • policy(2)
  • crop(2)
  • truck(1)
  • transportation(1)
  • life(1)
  • companies(1)
  • owners(1)
  • boat(1)
  • terms(1)
  • restaurant(1)
  • pet(1)
  • travel health insurance(1)
  • umbrella(1)
  • agribusiness(1)
  • trucking(1)
  • deductible(1)
  • cyber(1)
  • rv insurance(1)
  • benefits(1)
  • retirement(1)
  • whole(1)
  • personal(1)
  • equine(1)
  • watercraft(1)

View Mobile Version
Insure your needs today!
Social Social
Quick Links
Home
Get A Quote
Customer Service
Payment Options
Report a Claim
About Us
Our Carriers
Partners
Blog
Contact Us
Location 203 4th Ave West
Swea City, IA 50590

Ph: 515-272-0020
Fx: 515-272-0022
Powered by Insurance Website Builder