Good afternoon! I have a question for all business owners here, and I am thinking particularly of small business owners, as I soon hop to be a small business owner myself soon! Do you have liability insurance? Do you think that this is something that is really necessary? I am looking forward to reading your comments.
Absolutely. No doubt. Unless, that is, you want to cough up large sums of money (which you may not have at all!) at a time when someone can make a claim for some kind of compensation. This never happens at a time that is convenient for you of course! Any business without proper insurance is a cowboy business in my opinion!