I think that would depend on the type of the business being started there on. Some businesses like the business that deals with the public transportation, the acquiring of an insurance is a must.
Do you consider the insurance need when starting a business?
- Thread starter Stardom22
- Start date
The business I operate does not have insurance, because I consider it low risk. Generally, high-risk businesses must have insurance, be it fire insurance, natural disaster insurance, etc.
You still need an insurance. Even when the business is low risk, there are still risks all the same. And insurance for it would not be expensive.
Anyone starting a business needs to consider having an insurance policy in place to fight against loss and risks that might arise in the course of running the business
It is very important to look at what insurance that the business needs. For some businesses, those insurance are required by law.
