For business owners, the different types of commercial insurance policies and insurance terminology can be daunting. Since there is no standard guideline on how to insure a business or protect company assets, some business owners may find themselves either getting the wrong type of insurance, or overlook crucial forms of commercial insurance because of confusion regarding the coverage, exclusions, and regulations of the policy.

Business owners know that there are a variety of obstacles to overcome in order to achieve success and growth in their business. In addition, businesses must avoid common pitfalls and mistakes that have doomed other businesses, such as hiring the wrong people, buying poor quality equipment, or choosing the wrong location for their office or storefront. In today's blog post, we'll look at three insurance mistakes that all new businesses should avoid, to ultimately help their businesses achieve future success.