
do I need to take out business insurance for an online web business?
It is just me running the business as a sole trader. There are no employees, virtually no capital (except my laptop) and no physical goods. Turnover is less than $40k. Do I need to take out business insurance or can I go without it? The only reason I ask is because the bank has a business insurance question section on the business bank account application form. Thanks in advance.
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Insurance Information : How Does Business Insurance Work?
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Insurance Statistics Yearbook 2010 $189 This annual publication provides major official insurance statistics for all OECD countries, including data on number of companies, number of employees, premiums by type of insurance, market share by foreign companies in each country, business written abroad, premiums in terms of risk destination (foreign or domestic risks), foreign and domestic investments, gross claims payments, gross operating expenses and commissions, OECD market share, penetration, density, and premiums per employee . Data are available for all OECD countries and Singapore. Data are presented in national currency values. |
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