As a business owner, you face a number of liabilities. Liabilities can be a major source of lost income, and they could potentially put your business in a difficult financial situation. This is why many businesses opt to invest in different forms of liability insurance.
Liability insurance is built to protect businesses from commercial property damage, theft, data breaches, and employee injury. And it can even include payroll insurance. Having good insurance can help protect you in case paying for a mishap means you can’t cover payroll liabilities—the money you must keep on hand for payroll expenses.
What does business insurance include? Business insurance—including payroll insurance—is a broad and complex topic that encompasses a lot of different aspects. In this post, we’ll cover these topics: