In recent years, health insurance programs for small businesses are very useful for small business owners to survive and protect themselves from various problems. Before you start a small business, you just have to foresee all the possible risks that may arise in different life circumstances.
Small business insurance programs continue to exist in many countries around the world, within a broader insurance concept for the enterprise. There are progressive (complex) forms of business insurance, so-called policies for business owners. Such insurance includes the most common risks faced by small businesses, namely:
- Insurance of small business property.
- Insurance against interruption of production and, as a result, loss of profit.
- Insurance of civil liability of small business owners.
The development of small business insurance is at an early stage of its. State support for small business insurance leaves much to be desired. There is a twofold situation; on the one hand, the law allows preferential insurance for small businesses, but on the other hand, the same law does not specify the mechanisms for compensating insurance costs for small businessmen. But, despite all the difficulties and obstacles, in recent years, many insurance companies offer various insurance packages for small businesses on special (preferential) terms.
The thing is that insurance companies have recently changed their attitude to small and medium-sized businesses they have become more willing to insure various risks arising in connection with the activities of a small enterprise. And this is quite an understandable process, as large firms insure less profitable, as it may seem at first glance a superficial glance. Because the schemes under which large enterprises are insured are designed not so much for risk insurance, but in order to reduce tax deductions.
Other important advantages of small business insurance are:
- Reducing the number of taxes and red tape.
- Simplification of the type and number of reports to tax authorities.
- Reducing the number of business activities for which licenses are required.
Led to an increase in the number of small businesses and, as a consequence, to an increase in working in the field of small business people, which cannot affect the income of insurance companies, as the number of insured in their legal and Insurance of small business entities increases.