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Don’t let small business insurance myths hold you back

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As a small business owner, you understand the importance of protecting your business from unforeseen risks. However, there may be common myths circulating about small business insurance that could be holding you back from getting the coverage you need. At Lukango, we aim to debunk these misconceptions and shed light on the truth. Let's clear up these small business insurance myths once and for all:

1. "Too expensive?" Not true. Options exist for every budget.

One of the main concerns when it comes to insurance is the cost. Some small business owners mistakenly believe that insurance is too expensive and not possible for their budget. However, the reality is that insurance options are available to suit every budget. Insurance plans with Lukango offer comprehensive coverage that can be tailored to your specific needs and financial constraints. Don't let cost concerns deter you from protecting your business. In some cases insurance isn’t a nice to have - make sure you have what you legally need in place.

2. "I'm too small to need it." Every business, no matter the size, faces risks.

Another common misconception among small business owners is that they are too small to need insurance. This couldn't be further from the truth. Every business, regardless of its size, faces various risks such as property damage, liability claims, or even legal disputes. Having adequate insurance coverage helps mitigate these risks and safeguards your business's future. Don't underestimate the importance of protecting your small business.

3. "Home-based businesses don't need it." Your home insurance likely won't cover business-related claims.

If you run a home-based business, you might assume that your existing home insurance policy will cover any business-related claims. However, this is usually not the case. Home insurance typically provides limited or no coverage for business-related risks and liabilities. To protect your home-based business adequately, it's crucial to consider small business insurance that addresses the specific needs of your business operations.

4. Professional indemnity covers everything." Specialty areas like cyber risk require specific coverage.

While general insurance can provide essential coverage for your business, it's important to note that it doesn't cover everything. Certain specialty areas, such as cyber risk, require specific coverage tailored to address the unique threats faced by businesses in the digital age. Cyber attacks and data breaches can have devastating consequences. To ensure comprehensive protection against cyber threats, consider specialised insurance coverage designed to safeguard your business's sensitive data and digital assets.

5. "It's too complex." Lukango makes understanding and choosing insurance straightforward.

Understanding and navigating through the complexities of insurance can be overwhelming for many small business owners. However, at Lukango, we strive to make the insurance process simple and user-friendly. Our dedicated team is here to guide you through the various coverage options and help you make informed decisions based on your specific business requirements. We believe that choosing the right insurance doesn't have to be complicated.

Choose wisely, protect your business:

Don't let these small business insurance myths limit your business's potential for growth and success. Explore the insurance options available to protect your business from unforeseen risks. At Lukango, we are committed to providing better insurance for small businesses like yours. Reach out to us today to discuss your insurance needs and find the perfect coverage plan that fits your budget and safeguards your business's future.

Remember, protecting your business is not an option - it's a necessity. Choose wisely, protect your business. 

Visit our blog page at for more valuable insights and resources to help you navigate the world of small business insurance.We offer tailored insurance to suit your business no matter how big or small.

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