Is business liability insurance legally required?

No, Business Liability Insurance is not legally required, but many entrepreneurs choose to take one out anyway. Accidents can happen quickly, whether by you, an employee, or your product. This is, of course, unpleasant, and it can sometimes cost a lot of money.

With Business Liability Insurance, you are insured against these costs, saving you both money and worries. Sometimes Business Liability Insurance is required, for example, if a supplier, client, or financier demands it for extra security.