01: The need for business insurance

Owning a business can be a very rewarding experience. But what happens if a business owner dies or falls serious ill? Much will depend on the type of business – sole trader, partnership or limited company – but unless there has been some advance planning, the chances are that what remains may end up in the wrong hands.

So if you are a business owner, business insurance is important – it is simply the process of planning for what you want to happen if you or your co-owner (if you have one) die or fall seriously ill.Last Updated