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Tag: The law may require it

5 Reasons You Need Insurance for Your Business

5 Reasons You Need Insurance for Your Business

Business
A business endeavor has its share of inherent risks: employees may get injured while working, natural disasters could cause property damage, or clients can file lawsuits due to contractual breaches or errors. Unfortunately, it's only possible to mitigate these risks partially, regardless of how much planning and preparation is involved. So, how do you protect personal and business assets in case of a problem? The answer is through insurance. That said, the following are reasons why every brand or company should have coverage. 1. The law may require it. Depending on where your business operates, the law may require companies to have specific types of coverage, such as workers' compensation, disability, and unemployment. For example, general liability insurance in Orlando, FL, is ...