Insurance will also be a necessary part of your business life. Some of the insurance is actually required. Health insurance is a familiar vehicle to cover hospital and medical bills. A number of states have enacted recent health care reform legislation to aid small businesses in obtaining quality, affordable health insurance. Contact your state insurance depart ment for more information about the programs in your area.
Law often requires workers compensation.
This coverage provides medical, hospital and disability income benefits for on the job injuries or illnesses. This program is administered by each state individually and you should check with your state in surance department to see if you are required to carry this coverage. If you are the only worker, some states merely recommend rather than require the coverage be carried. Liability coverage may also be a good investment for your business. If you incor rectly record a message and that error results in the loss of business to your client, there is always the possibility of a lawsuit today.