Question

Why does your small business need insurance coverage?

The above asked question is from Insurance topic

This question was addressed to me during an online exam.

Other related questions to my question are:

Why does your small business need insurance coverage?

What are some considerations in determining a small businesses need for insurance?

Why is it important for a business to ensure it has the correct level of insurance to meet its operational needs?

Why is it important to have an insurance?

Answer 1

Correct answer for this question is: As a general rule, you should insure against things you wouldn't be able to pay for on your own. This coverage protects against financial loss as the result of bodily injury, property damage, medical expenses, libel, slander, defending lawsuits, and settlement bonds or judgments.

The title of my answer is Get business insurance

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