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Tag Archives: liability insurance

Five Reasons Why It Costs To Take Financial Shortcuts

Taking financial shortcuts may seem intelligent at the time, especially if you need to save money in any way possible. However, in most cases looking for shortcuts can end up costing you more money in the long run. Here is a look at five occasions where taking financial shortcuts is a huge mistake. 1. Liability Insurance Too many businesses are casual towards liability insurance. Instead of doing everything possible to get liability coverage, they will neglect this aspect of their insurance plans. For example, if you are running a business as a small contractor, it is almost certain that you will need liability insurance. Any number of incidents could take place when your team is working at a job. If a worker gets injured while doing a construction job for you, they could sue you and say the injury was due to poor working conditions. In such a situation, being without liability insurance could cost you tens of thousands of dollars. 2. Skimping on Health Insurance Getting the cheapest possible health insurance plan possible may seem a smart idea at the time, but it can often back fire in spectacular ways. Imagine that you get the cheapest plan, but then ...

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