As a small business owner, you have many challenges that most people do not understand! These day to day issues can chew up your valuable time and not be at all revenue producing.Whether it be staffing, customer or regulatory issues, in many cases they are not problems that you have brought upon yourself, but they are problems that you will be called upon to solve.Insurance is one of those issues that takes up your time, but is a necessary part of managing ones business for a profit.Managing business risk, while not a fun job, is certainly worth it when you find yourself with a risk event that could have been covered by properly placed insurance.Risk Management:As noted above, staffing, customers and regulations, just to name a few are areas where insurance might be able to help you sleep at night.Your employees are usually a challenge on a good day.

Between their health, their welfare, their families, their co-workers and their benefits, just to name a few, their issues are forever changing and seemingly becoming more complex.Your customers are another source of strife.Many are wonderful, easy to service, easy to understand, supportive of your efforts, and willing to allow some give and take in the relationship.However, there are others that demand more than they can reasonably expect, insist on undeliverable service, and withhold payment for no reason.Government Regulations are another source of pain.

They are unforgiving, they are many times arbitrary, slow to resolve, and often times there is no one to speak to but inane telephone prompts.Risk management is the first step toward protecting your company from the inevitable issue that you cannot foresee.It is impossible to list all the risks that you encounter in a day of running your company but insurance can try to provide you an umbrella under which many of these exposures can be collected, identified and addressed.Small Business Insurance:Many companies deal with these exposures in varying ways.Some very large companies have massive departments designed to identify, manage, insure and eliminate exposures.Many medium sized companies have a dedicated insurance agent that makes enough commission on their account that they can be comfortable that their issues have been identified and insured where possible. The small company, however, needs to involve the owner in most of the insurance decisions and that owner just does not have the time.