Oct 8, 2012 by Helen
When you’re starting a new business, your natural instinct is to try to keep your outgoings as small as possible. You might do your accounts in-house rather than paying an accountant or book-keeper. You may work from home instead of hiring an office. There are lots of areas where you can cut costs while you’re just getting started.
However, one area where you should not try to skimp is insurance. Yes, having insurance won’t reduce the risks that you face in real terms, but it can help to soften the financial blow when something goes wrong. Insurance is a useful thing for any company to have, and in some industries, insurance is actually mandatory.
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