Why You Should Not Operate a Business without Liability Insurance

October 15, 2012 by  

With the deteriorating economical condition, more people are trying to get money in ways they wouldn’t have dreamed of a few years ago. Some people do it simply because they feel that they deserve it. They don’t see it as money coming from your pocket.

Trying to operate a business without commercial insurance coverage is like driving an uninsured vehicle on a crowded turnpike, in a storm with no head lights! All it takes is one simple mistake or one freak accident to completely ruin your life and your business.

If you have a home business and you’re assuming that everything is covered under your home owners policy, you’d better check it again; and most likely your business may not be covered. Most business insurance policies can be purchased from the same company you have your homeowners policy with, but you will probably not find them on the same policy.

Business insurance is usually less expensive than other types of insurance. The premiums are always deductible on your taxes as a business expense even if you just have a home business. Fires, hurricanes, floods and other storms can be disastrous to your business, as well. If you are insured you will, at the very least, have a hope of starting again.

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