As one business owner found out, it’s always best to ask if you don’t know what type of policies you may need.
This owner had a love for fashion, and a knack for finding gently-used clothing. She hoped one day to own a shop of her own. One day, she decided to take a leap of faith and open her own vintage clothing boutique.
It didn’t take long for business to start booming for the boutique, which had expanded to include a new website—making it possible to ship anywhere in the U.S. It wasn’t long before she made the connection: Why not complete personal deliveries for locals? She purchased magnetic signs to stick on her personal car to market her business.
Months passed, one day she was making her regular Tuesday deliveries, when the unthinkable occurred—she backed into a young man on a bicycle. While he was not seriously injured, he was hospitalized overnight for monitoring.
The business owner thought all would be well, since the biker was not seriously hurt. The next day, however, the claims adjuster called to inform her that since she was doing business at the time of the accident, the claim would not be covered by her current insurance carrier.
Stuck with a huge hospital bill and letter of lawsuit from the biker’s attorney, she was forced to shut down her business, and forfeit her dream.