Every business has risks in its regular functions and the best way to protect the assets of a business is to ensure that every aspect is appropriately insured. The top five reasons why businesses require insurance are as follows:

Most businesses face great difficulties in sourcing funds to either set up their business or expand the same. A greater difficulty one might face is for start-up businesses because they do not have records to prove their financial stability from sales or other ventures in the market.

Every lender, be it a traditional bank or a financial institution, scrutinizes a business’ assets to evaluate the business’ current standing and its future potential in order to estimate the repayment value of the loan borrowed.

While the U.S. Department of Veteran Affairs (VA) does not have a separate entity to source out business loans for its veterans, they provide financial aid through their cooperative programs with the Small Business Administration (SBA).

Medicare Advantage plans, also known as “Medicare Part C” or “MA Plans” are a channel for individuals to obtain health insurance benefits provided by private insurance companies and approved by Medicare.

California State Disability Insurance (SDI) is a disability program under the Employment Development Department’s wing, where a portion of the employee’s income is routed to a state fund that offers short-term-disability benefits.

Sometimes, we are stuck in a cycle of debt and are in need of some relief. The cycle also affects our credit scores which in turn makes getting loans a difficult task.

Every business is exposed to risks in its line of work and having an insurance coverage is the only way businesses can be free of any untoward liability that can arise due to various external factors, both environmental and manmade.

Identity theft protection agencies offer a wide range of services that include protecting an individual or a business’ identity and financial information. There are a plethora of identity theft protection agencies available.

Every business extends a credit line to its customers and sometimes may have receivables pending due to the slow payments from customers. The delay in these receivable can reflect on a business’s balance sheet and subsequently affect the financial status of a business leading to bad debt.

Medigap plans are health insurance plans that cover gaps in Medicare plans such as deductibles, co-payments, and health care when you travel abroad. There are 10 Medigap plans that are lettered from A to N, and each covers a different set of gaps.

Obamacare is an informal term given for the Patient Protection and Affordable Care Act of 2010. The act passed by the Obama administration succeeded in providing health insurance to nearly 50 million people in the country who were not covered up until 2010.