Insurance for Small Businesses

Welcome to Insurance for Small Businesses, a Money Smart course developed jointly by the Federal Deposit Insurance Corporation (FDIC) and the U.S. Small Business Administration (SBA).

This class will explain the importance of insurance for your small business and identify the types of insurance required for your organization and insurance you may want to consider.

Time: 8:00 am – 9:30 am

Date: Wednesday, August 23, 2023

Location: 5415 Evergreen Way, Everett, WA 98203

Cost: Free; Coffee and Donuts Provided

Classes are hosted by Katy Woods, Coastal Community Bank Branch Manager, and Certified Coach. Katy joined Coastal as the Monroe and Sultan Branch Manager in 2013, and works with businesses from all stages including startup, growth, and sale or succession. She received her professional Leadership and Growth coaching certifications in 2015. Space is limited!

Learning Objectives

After completing this class, you will be able to:

• Identify the types of insurance which are required by a small business.
• Identify other types of insurance that a small business should consider.
• Explain why insurance is important for a small business.

Agenda

• Work Specific Insurance
• Required Insurance for Employers
• Other Types of Insurance to Consider
• Lender or Investor-Required Insurance
• Surety Bonds
• Reasons for Insurance
• Selecting Insurance