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Insurance as part of business risk management

Limiting the liabilities of any business activity is an important consideration. Turning a profit isn't enough; you must also protect your business from losses, claims, and lawsuits.

Debts and mortgage obligations to third parties and vendors, claims for damages caused by employees, product or professional liabilities, and consumer-protection issues are just some of the risks you must deal with. If handled improperly, these risks could result in the loss of both your business and personal assets. Knowing what risks you face and how to minimize or avoid them gives you the tools to run your business successfully.

Fortunately, you can partner with Sompo Insurance to reduce your liabilities by taking on your risks and ensuring that your assets are protected. We can help you identify the risks you are most prone to and advise on the type of insurance product your business needs.