how important is it to carry insurance in a new business? I have limited funds and I don't want to spend money on insurance yet if the business is not doing good.
Hi, business insurance very important. It is only a matter of time before you get hit with a law suit. Part of doing business. at minimum you should carry the basic "liability insurance" and the "workers comp" if you have over 5 employees or a high risk business. AS you grow you can add more insurance protection, but in general you should have them.