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7. Never undervalue the need for insurance If you find yourself confronted with a situation that is so difficult you're facing the prospect of a lawsuit, realize that this could be detrimental to your company. If you've struggled to make ends meet with your small pest control business, a dismissed lawsuit can place you at a significant disadvantage. Even if the claim is not won, it's still your responsibility. This is true regardless of whether you have to pay deductibles or legal expenses after a claim is dismissed. That's the reason it's recommended to stay clear of searching for inexpensive small business insurance instead, and concentrate on purchasing the insurance option more than the minimum. This is an excellent option to have in the event you require further security. Always think about a typical worst case scenario for business owners. As an example, suppose you've taken your driver on an errand when he accidentally ends by crashing into someone because he was driving and messaging his girlfriend. In the event that a settlement is granted the only thing it means is that the costs of your business will pile in a faster pace than the time it takes to finish making his dinner reservations for two. Once the settlement is awarded against your company the amount that is not covered by the small-business insurance policies should be able to be paid from your account at the conclusion of the day. 8. 8. It's confusing going through the fine print when you've never taken out commercial insurance prior to now. But, delving into the fine print is one way where you can be on top of the game. Additionally, it can help avoid future issues. This is how to know what insurance coverage is and what exceptions are. It's easy to get Joe the legal consultant, to look over the policy documents on your behalf. It's the only mistake that many small business proprietors make. W.