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One problem that definitely causes snoring and yawning is insurance. Few people understand it, and even fewer will take the time to understand it. Small and private entrepreneurs are no different. These people, who are usually experienced and often experts in their own field, avoid really knowing whether they need small business insurance or private business insurance. 

Private or small business insurance in Ontario can cover every aspect of your business. This can include your business property – the place from which you run your business along with the tools and equipment used to do so. If you work from home, home contents insurance offers adequate property protection in most cases. 

If you have a job, for example, if you are a doctor, lawyer, financial/marketing/business consultant, then consider getting professional indemnity insurance to protect you against abuse claims, etc.

Although few domestic companies have employees, those who do should consider entering into the group health policy along with the worker's compensation policy. The former provides health insurance for your employees while the latter provides insurance for any injuries suffered by your employees in your company. Some businesses have an increased risk of injury due to the nature of the job – for example, storing large items for sale on eBay or other sites. In this scenario, workers' compensation policies and group health policies can be very useful.

If your business relies on a particular vehicle – a van or even a car to deliver goods locally – you should consider purchasing commercial auto insurance.

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