You may be wondering for your business, especially if you are running a cleaning business, if there will be a time to purchase business insurance. Now more than ever it is actually incredibly beneficial and part of standard safety procedures to have insurance for your business. You may be asking if there are certain businesses that do not need insurance depending on what type of business, how many employees, if there are face-to-face customers and so on – and yes, there are plenty of factors that go into making these decisions.
There are certainly two main reasons to get business insurance. The first is that it is a legal requirement and that you must get it. This may be the case through the Small Business Administration of your specific area, and it is best to check with them regarding these regulations. Some states require certain types of insurance for employees as well as disability insurance. With health care regulations changing, it is important to check in with those procedures as well. If business insurance is not required for your company, it may be just that your company has the “nature” of needing insurance. For example, if you are running a cleaning business, you may want to get insurance as there are possible risks of being in clients’ homes, such as damage, theft or an employee being injured. Being insured and bonded as a cleaning business would be an excellent idea. Often times, clients are looking that you are insured, as they want to be safe in their selection as well.
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