What is business insurance and do I need it?
Business insurance is crucial for protecting businesses from unforeseen circumstances, including employees, property, and legal liability. It is part of an insurance policy that outlines a business’s risks, limits, and premium amounts.
To buy business insurance, businesses should assess risks, contact knowledgeable advisors, get multiple quotes, and reassess annually. As businesses grow, their liabilities may increase, and they should consult with their insurance advisors to discuss these changes and adjust their coverage needs accordingly. By doing so, businesses can ensure the safety and well-being of their employees and the business.
Source : Canada Life