SME insurance provides crucial protection for small businesses. Not only does it help protect business assets, income and property, it also provides a financial safety net. For example, if an unfortunate event happens to your business, you could face property damages, business interruption, demands for medical compensation, lawsuits, or all of the above.
On the other hand, personal insurance provides coverage for an individual’s private property unrelated to a business. Personal auto insurance, for instance, doesn’t cover damage and theft of business-owned vehicles.