PROCESS OF RUNNING A BUSINESS: INSURANCE

Insurance is essential, irrespective of the type business structure (company, sole trader or partnership) that is used to run a business.

Advice should be sought from a reputable insurance broker, as there are often industry-specific options available as a package. Without insurance, a business may find itself unable to cope when things go wrong, whether or not it is a problem with a customer or supplier, or if plant and equipment or business premises are damaged.

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