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What is the purpose of insurance for business?
The primary purpose of insurance for businesses is to provide a financial safety net in the face of unexpected events....
What insurance is most important for a business?
General liability insurance, also known as business or commercial liability insurance, is essential coverage for various...
What is the effective date of an insurance policy?
The effective date of insurance coverage is the date when the coverage is officially active. As of the effective date of...
Do insurance companies make money off claims?
Insurance companies make a profit by ensuring that the amount paid on claims does not exceed the amount collected in...
What happens if you don't have business insurance?
Operating without it means you'll face fines and penalties. You'll also have to pay out of pocket for your employee's...
What insurance is required by law in utah?
Some states require an SR-22 document to show that you can meet the state's minimum insurance requirements. Utah has...
What type of insurance is required for a business?
The federal government requires that all companies with employees have workers' compensation, unemployment and disability ...
What are the 4 basic insurance coverages that most businesses have?
Most small businesses need to purchase at least the following four types of insurance: property insurance. Most...
