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Topic: Insurance

compulsory and optional insurance
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Compulsory and optional insurance

What’s compulsory and what’s optional?

You’re legally required to have some types of insurance. Failure to comply will be a criminal offence. It could also mean that if a claim is made, the business itself will have to pay out compensation to meet it. However, many types of insurance are an optional extra, but it’s sensible to consider having most, if not all, in place.

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