Business Insurance: Luxury Or Necessity?

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Posted: Mar 01, 2010 |

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With the recession hitting everyone hard, it’s a wonder there are any thriving companies left. Many businesses all over the country are struggling to stay afloat and are drastically cutting costs by laying off superfluous staff, cancelling expenses and reviewing all their outgoing costs. In some cases unfortunate businesses are unable to stay afloat but for the lucky few an overhaul of business practices and costs are a must.

One of the most common areas that can be first to come under the money microscope is insurance. Insurance costs, for many businesses, can appear high when money is tight and cover can often be seen as eating up a ton of money with no hope of any return. When times are tough the temptation to cancel insurance cover is high but savvy businesses will understand that insurance is a vital component for any company and can often be the sole saving grace in times of financial insecurity. Lack of adequate