Business insurance coverage is there to protect businesses (and their owners) from the high financial risk and loss that can occur during typical business operations. There are several kinds of insurance policies offered to businesses, some of which are required by law, including: property insurance, legal liability insurance, employee compensation plans, and business interruption insurance.
Business owners have to evaluate their own circumstances, such as the size of the company and the kind of work being done, to determine potential risks and ultimately decide which coverage and how much makes the most sense for them.
There are several kinds of business insurance that companies of all sizes should consider. The most popular policies include:
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