During the process of the opening of my new business I am of course looking into all the obligations and things I need to arrange. I have heard that I will also need liability insurance. Can you tell me why this is something that is unavoidable? Thanks for your replies.
Well, imagine that someone sues you and need to make a pay out to someone... You have no insurance and no money. What will then happen to your business? This simple illustration should tell you quite enough as to why you may need liability insurance. Isn't that a reason quite adequate for you to take out the insurance?
