Small Business Insurance Required By Law – Forbes Advisor

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As a business owner, you’re probably facing dozens of critical decisions every day. The right insurance may be one of them.

State laws can mandate certain types of business insurance to protect you, your company and your workers. Most states require businesses that have employees, regardless of their activities, to have:

  • Workers compensations insurance
  • Unemployment insurance

In addition to the above, it’s important to know that other types of business insurance may be required by your state. For example, some mandate disability insurance, and some require insurance for specific types of business operations, such as those offering legal or medical services, or serving alcohol.

To be sure you comply with your state’s mandatory small business insurance requirements, check…

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