Many entrepreneurs in Pennsylvania worry about business litigation. If they run a brick-and-mortar business the possibility of getting sued after an unfortunate accident may weigh heavily on a person’s mind. The unfortunate fact is that no matter how much a company remains committed to safety, an accident is always possible.

In spite of this, Forbes estimates that fewer than three business owners out of ten purchase business insurance. Thus, when faced with an expensive lawsuit, many small businesses lose their assets and may have to shut their doors for good. Many entrepreneurs may opt out to keep operating costs low and take the risk.

Proactive business owners may first look into a business owner’s policy that covers general liability and commercial property. These protect brick-and-mortar businesses against their greatest risks, including slip-and-fall accidents, damage to the property and burglary. Business owners who have business interruption insurance receive an additional benefit of replaced lost income, while the business closes its doors to recover from physical damage or theft.

According to EInsurance, an insurance company which sells policies to business owners in Pennsylvania, small businesses should generally aim for $500,000 to $1 million of coverage. However, people who operate a high-risk business may want to consider high amounts of coverage. High-risk may stem from the specific industry, such as banking or manufacturing. It may also result from the area the business is located in.

When business owners have coverage, they might sleep easier knowing that their business is safe from business litigation. While it does not prevent someone from suing, it does help to ensure the business outlasts the lawsuit.